Water Authorities (Current Cost Accounting)

HC Deb 06 June 1980 vol 985 cc848-9W

Mr. Concannon

asked the Secretary of State for the Environment what would be the additional cost to the consumers in the Severn Trent water authority area if current cost accounting were introduced in one year.

Mr. Fox

Detailed arrangements and their implications are still being considered but the introduction of current-cost accounting need not in itself add to costs.

Mr. Concannon

asked the Secretary of State for the Environment if it is his intention to require water authorities to introduce current cost accounting.

Mr. Fox

Yes, for 1981–82 onwards.