The Independent Water Commission, led by Sir Jon Cunliffe, calls for a radical overhaul of the water industry by proposing to replace Ofwat and other regulators with a single entity. The current fragmented system has failed, leading to infrastructure decay and pollution issues. Environment Secretary Steve Reed acknowledges Ofwat's failures and intends to act on the recommendations. Concerns remain regarding rising water bills, with estimates suggesting increases of nearly a third over the next five years, while campaigners advocate for public ownership instead of privatized shareholder profits.
A landmark review led by Sir Jon Cunliffe has called for scrapping Ofwat and other regulators to create a single, powerful body overseeing the water industry.
Environment Secretary Steve Reed has indicated that Ofwat is failing and is prepared to take action based on the findings of the Independent Water Commission.
The review warns that water bills could rise by nearly a third in the next five years, even if regulatory reforms are implemented.
Campaigners argue for full public ownership of the water industry, emphasizing the £85 billion paid to shareholders since its privatization.
Collection
[
|
...
]