The UK's biggest water company paid no corporation tax and received £5 million credit from the Treasury during a year in which revenues hit £1.8 billion. Thames Water made £549 million in underlying pre-tax profits as it raised bills by 6.7%.
Writing in The Daily Telegraph, Ofwat Chairman Jonson Cox, has voiced his concern over water profits and taxation.
He said: "It has also been alleged that some companies use shareholder loans to avoid UK taxation.
"At the same time, hard-pressed customers have seen annual bills rise by 13.5pc since 2010-11, while their incomes have fallen.
"I agree that the dichotomy between profits and the prices charged to customers raises business, regulatory and moral questions."
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.