Major review calls for Ofwat to be scrapped as water bills set to soar 30% in next five years
The water regulator should be scrapped and replaced with a single body to restore trust in the beleaguered industry, a landmark review has concluded. Ministers should ditch Ofwat and simplify the system with a powerful regulator looking at every area, according to the Independent Water Commission’s final report. The report, led by former Bank of England deputy governor Sir Jon Cunliffe, recommended far-reaching changes to the way the water system is regulated as it called the current landscape “fragmented and overlapping”. Sir Jon Cunliffe recommended Ofwat be scrapped More