The government plans to scrap the water regulator Ofwat, deemed ineffective in addressing issues within the UK water industry. Criticism surrounds the proposal, particularly the omission of renationalising water companies despite public demand. Environment Secretary Steve Reed asserts that households will no longer face significant water bill hikes. Plans include establishing four bodies to create a new regulator aimed at protecting customers and the environment, including targets to reduce sewage contamination significantly. Critics argue that without major structural changes, such as public ownership, the reforms will not suffice to address ongoing issues.
"This was a once-in-a-generation opportunity to reset a broken and corrupted system. Instead, the Commission blinked. After three decades of privatisation, there is no evidence it can work."
"We needed a credible plan to rescue Britain's rivers, lakes, and seas - and a clear pathway to bring failing companies like Thames Water into public control. Instead, we've been handed vague policy nudges that leave the current failed privatised water company model intact."
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