New 'powerful water regulator to replace failed Ofwat' in drive to reset sector

Environment secretary backs Cunliffe review's plan to end sewage spills and financial mismanagement in England and Wales? Business live - updatesA new, "powerful" water regulator should replace Ofwat, the Drinking Water Inspectorate and the Environment Agency to "reset" a sector tarnished by scandals over sewage spills and financial mismanagement, a major review has recommended.The government is expected to adopt the recommendation for England and Wales made in the review it commissioned from Sir Jon Cunliffe, a former deputy governor of the Bank of England, which was released on Monday. Continue reading...