AA historic review has called for a radical overhaul about how the water industry is regulated by sewage spills, rising bills and shareholder payouts, a historic review.
Independent Water Commission is led by Sir John Kanalif, Deputy Governor of former Bank of England Recommended to fully recommended scraping And instead, with other regulators such as environmental agency and natural England, with a single, powerful body.
The current system is “fragmented and overlapping”, the report argues, and the companies have failed to keep it under investigation because the infrastructure broke and pollution increased.
Environment Secretary Steve Reid has said that Tat “is clearly failing” and indicated that he would work on conclusions.
But will a single super-regulator really fix the system, or will just reshuffle responsibilities without addressing deep problems?
Sir John has warned that the bills will almost increase in the next five years, even with improvement. Meanwhile, campaigners continued to call for full public ownership, pointing to £ 85bn paid to shareholders since privatization.
So what needs to be changed? Should the regulation be overhala – or the entire system was withdrawn in public hands? And how do we make sure that customers and the environment not avoid paying the price?
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