Labour's proposal to eliminate the water regulator Ofwat has faced severe criticism. The Green Party argues for the nationalization of water firms after years of privatization. A report by the Independent Water Commission recommended 88 changes to improve the system. Water minister Emma Hardy described the current system as broken and gave no assurances on implementing these recommendations. Sir Jon Cunliffe warned that household water bills may increase by 30% in five years, emphasizing that the cost of water production is rising and insisting on better performance and investment from water companies.
There are some inescapable facts here. The cost of producing water and dealing with our wastewater is going up.
Expecting a different form of regulation to fix the water industry is, frankly, rearranging the deck chairs on the Titanic.
The government deliberately left out the option of public ownership from the review. But that's the only real way to get the water industry to clean up its act.
Water companies will need to perform better and be funded to invest.
Collection
[
|
...
]