WHEN regulator Ofwat recently announced that it proposed fining three of the worst performing water companies — Thames Water being the worst — I, and the rest of the Henley Mermaids, felt that we had had a “little win”.

However, the proposed £104m fine is measly and just a drop in the poo-filled ocean for the failing water monopoly.

Considering they’ve never put more money into infrastructure investment than they’ve paid in dividends then I’m not sure what real improvement we can expect.