Ofwat to be abolished, minister confirms in major overhaul of Britain’s ‘broken’ water industry
The environmental secretary will be removed as part of the revision of a “broken” regulatory system of the water regulator.
Steve Reed said that the water industry was “broken” and a regulatory system that allows companies to escape with it “.
Speaking in the southwest London, he said: “Our rivers, lakes and seas are contaminated with plaque levels.”
Mr. Reed blamed water bills to force household financing and warned that the weak infrastructure had recovered economic growth. And for decades of investment in the infrastructure for decades of payments, which prioritized payments, accused the bosses of the water bosses.
He said: “Since privatization, the shareholders have been paid about 85 billion pounds and we have seen that the water system has been insufficient investment in the water system.
“There were people playing the system there … Previous government allowed the regulation to be a very light touch.”
Mr. Reed thanked Sir Jon Cunliffe and his team for “extraordinary” reports and said he would respond to Commons in the afternoon.
“Water companies were allowed to profit at the expense of the British people,” he said. Mr. Reed
“The government will remove ofwat. In the biggest revision of a generation of water regulation, we will bring water functions from four different regulators to one.
“A single, powerful regulator responsible for the entire water sector will stand tightly next to customers, investors and the environment and prevent the abuse of the past.
“The government will provide the clarity and direction necessary for a strong partnership for billions of pounds between the sector and investors.”
Sir Jon’s report proposed extensive changes in the form of arrangement, as the water system was called “shattered and overlapping”.
88 Wat scrap in favor of a strong regulator is the most important change in the sector. He said that the establishment of a new regulator will take two years based on the time period to establish the communication regulator in the 2000s.
The report also advised the abolition of the regulatory roles of the Environmental Agency and Natural England, which follows the influence of the sector on nature, such as the illegal pouring of sewage into waterways.
The existing system has encountered intense criticisms to supervise water companies for the years when the aging infrastructure was torn and sewage rashes paid to those felt and accrued great debts.
Campaign group surfers, the water industry’s calls for public property, Cunliffe report “special profit does not give priority to the benefit of the public,” he said.
“This is not a transformational reform, it puts lipstick in a pig – and you can bet that the champagne flows in the board of directors of the water company on the land,” he said.
Mr. Reed and Sir Keir called Starmer to abandon the dangerous fantasy that the current customized water industry could be patched ”.
However, Mr. Reed said that the money that needs to be removed from the budgets for NHS and education will cost £ 100 billion.
Following the publication of the report, Sir Jon warned that water bills would rise almost one -third by the end of a decade.
Sir Jon said to BBC Breakfast: “In the next five years, bills will increase by 30%. There are inevitable facts here. The cost of producing water and copping with our wastewater is rising. Climate change, higher environmental standards, demographic pressure, population is increasing.
“The problem comes when it comes to capture big investments, from suddenly not to invest for a long time. This is what we really see.
“We need to help those who are the most vulnerable, we need to correct them for a long time so that people can cope with higher water costs. And organizers have a really important job to bother productivity, encouraging companies to be more efficient.”
Other proposals from the Commission include stronger consumer advocacy, nine new regional water officials to fulfill local priorities, significant improvements in landscaping, and company ownership and more strict supervision of the government.
Regional authorities, a national authority in the UK and Wales, would see the resources of the regulators transferred to ensure that their current planning responsibilities have decreased and investments reflect local priorities and sounds.
The commission comes after about nine months and more than 50,000 response to the call for evidence, after its research and participation.
