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The Guardian - UK

Business

Helena Horton, Anna Isaac and Rowena Mason

Ofwat to be abolished as ministers look to create new water regulator

Ofwat Jon Cunliffe Thames Water Environment

sewage in the Thames near Datchet, Berkshire, England — Critics say Ofwat presided over a culture of underinvestment in water infrastructure and financial mismanagement by the utilities since its creation in 1989. Photograph: Maureen McLean/Alamy

England and Wales’ embattled water regulator will be abolished under recommendations from a government-commissioned review due out on Monday, the Guardian understands.

Ministers will announce next week a consultation into creating a new regulator, to coincide with the results of a review into the water industry directed by former Bank of England deputy governor Sir Jon Cunliffe.

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