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Water sector review could include replacing Ofwat amid row over bills and sewage

An independent review into the water industry could consider abolishing regulator Ofwat among other measures to reform the sector, after a public outcry over bills, bonuses and sewage pollution. The UK and Welsh governments announced what they said ...

23 Oct 2024 at 10:08

Nationalising water would cost up to £100bn and not resolve problems – Reed

Nationalising water firms would cost up to £100 billion and “not resolve the problems” faced by customers, according to the Environment Secretary. Steve Reed ruled out bringing the companies back into public ownership as he outlined an independent ...

23 Oct 2024 at 14:34

Bigger rate hikes may be on the way as Bank gets tough on inflation

Interest rate-setters have signalled that bigger hikes may be on the cards as the Bank of England looks to do “whatever is necessary” to stop rocketing inflation from becoming long-term. Deputy governor Sir Jon Cunliffe told the BBC Radio 4’s ...

06 Jul 2022 at 12:21

FTX implosion shows need for crypto regulation – Bank of England’s Cunliffe

The collapse of cryptocurrency platform FTX has revealed the need for tighter regulations for crypto before it gets too big, warned the deputy governor of the Bank of England. Sir Jon Cunliffe said that a regulatory framework is needed for a ...

21 Nov 2022 at 11:57

Homes and factories ‘can be built faster’ with water reforms, says Reed

Water reforms will help speed up housebuilding and ease wild swimmers’ fears that they might be bathing in sewage, the Environment Secretary has said. Steve Reed described supply and sewage infrastructure as “critical for housing ...

22 Jul 2025 at 12:52

Introduce ‘practical solutions’ to make rivers clean and safe, Lib Dems urge

The Liberal Democrats have called for “more than just words” to stop sewage being spilled into rivers and seas, as the Government restated its pledge to improve the water industry. The party’s environment spokesman and former ...

23 Apr 2025 at 19:33

City

Sewage scandals and bill increases mark year of woe for water industry

Even by the water industry’s standards, 2024 was a torrid year. Firms faced more public anger over sewage spills, Thames Water teetered on the brink of collapse and one company even inadvertently poisoned its customers. It ...

24 Dec 2024 at 08:02

Independent water commission chair denies probe into reforms is ‘tinkering’

The chair of the Independent Water Commission has defended his ongoing probe into the water sector reforms. Sir Jon Cunliffe addressed recent criticism that he has been “tinkering” with the industry’s deep-rooted issues ...

17 Jun 2025 at 15:20

Water sector suffering from ‘deep-rooted’ failures, review warns

The water sector is beset with “deep-rooted, systemic” failures, and needs fundamental reform of laws, regulation and infrastructure, a review has warned. The Independent Water Commission was tasked by the UK and Welsh ...

03 Jun 2025 at 16:20

Ofwat scrapped to end water regulation that ‘failed customers and environment’

Ofwat will be abolished as part of an overhaul of a “broken” water regulation system that failed customers and the environment, the Government has confirmed. Environment Secretary Steve Reed made the announcement in ...

21 Jul 2025 at 13:05

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