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Evening Standard

Business

Jonathan Prynn

Ofwat scrapped in huge shake up of 'broken' water industry regulation

Jon Cunliffe Ofwat Steve Reed Environment England

Ofwat is to be scrapped as part of a radical overhaul of a “broken” water regulatory system, Environment Secretary Steve Reed confirmed today.

He said the regulator established at privatisation in 1989 to set limits on household bill rises will be abolished as part of the “biggest overhaul of water regulation in a generation”.

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