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The Latest Breaking News from Ofwat

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

The Guardian - UK

Water campaigners are right about enforcement. Labour’s plans are still too vague

Without regulatory reforms and proper funding, the country will lack a muscular enforcer to strike fear among polluters

The Guardian - UK

Privatised water firms are imperilling our health and poisoning our rivers. Act now: flood the streets with rage

It is time to say this privatisation zealotry has been a disaster. March with us and let ministers know – enough is enough, says campaigner Feargal Sharkey

The Guardian - UK

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Thames Water barred from billing customers for pension shortfall

Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with

The Guardian - UK

Activists warn of ‘extreme anger’ if ministers fail to reform water regulator

Sources say government has dismissed some of the more ambitious ideas for fixing sewage crisis

The Guardian - UK

Three water companies face big fines for sewage spills – it won’t do any good unless our whole approach to waste changes

The recent announcement of £168 million in sewage pollution fines issued to three water companies has renewed hope that the regulator for England and Wales, Ofwat, is finally taking action in line with public opinion.

The Conversation

Water customers to receive up to £2,000 compensation for serious service failures

Government to double rates of compensation for service failings by water companies

The Independent UK

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Thames Water’s turnaround plan to be supervised by independent monitor

Ofwat says monitor will have access to company’s financial information and report back to regulator

The Guardian - UK

Mapped: Sewage in English rivers as water companies face £168m in combined fines

Campaigners have welcomed the proposed fines but warned the penalties highlight the ‘sheer state of disrepair’ of the water and sewage industry

The Independent UK

Thames Water’s assets are looking worse and worse. Bondholders must pay

Damning Ofwat report underlines multiple operational failings at the beleaguered company

The Guardian - UK

UK rivers and beaches have been heaped with pollution for years – when will we talk about restoration?

The penalties reflect the failings of the Environment Agency and Ofwat as much as the water companies

The Guardian - UK

OPINION - The Standard View: Violent criminals must understand that justice is coming

As police officers come under attack in Plymouth, Darlington and Belfast, and as reports circulate that far-Right thugs are planning protests in four London boroughs, it is vital that justice urgently takes its course.

Evening Standard

Three water firms face record total £168m fine after sewage investigation

Ofwat to penalise Thames, Northumbrian and Yorkshire for ‘catalogue of failure’ over illegal discharges

The Guardian - UK

Thames Water faces record £104m fine over sewage spills

London’s water company among three firms facing combined £168m in fines for ‘catalogue of failure’ on sewage pollution

Evening Standard

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The Independent UK

Three of England’s biggest water companies face £168m in fines over sewage spills

Water firms ‘causing extensive environmental damage’ by routinely releasing sewage into rivers and seas, regulator Ofwat says

The Guardian - UK

Thames Water breaches licence as part of its debt downgraded to junk

Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine

Evening Standard

Moody’s cuts Thames Water’s highest-ranked bonds to junk

Moody’s Ratings lowered Thames Water’s class A debt to junk after the UK’s water regulator placed the company under a so-called turnaround oversight regime.

The Guardian - UK

Yorkshire Water bosses get hefty bonuses after company failed customers

CEO and CFO given total of £616,000 for a year in which some residents struggled to go about daily lives

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The Guardian - UK

Southern Water boss handed £183,000 bonus despite huge rise in bills

Award for Lawrence Gosden comes after criticism of business plan and attempts to increase bills by 73%

The Independent UK

Every single water company in England and Wales now facing huge sewage investigation by regulator

Ofwat aim to conclude the cases against the water companies ‘as quickly as possible’ so the sector can focus on cleaning up the rivers and seas

The Guardian - UK

Every water firm in England and Wales under investigation over sewage spills

Ofwat opens cases against Severn Trent and three others, days after they faced criticism over huge bill rises

The Guardian - UK

Paying the price of water companies’ failures

Letters: Bill Kingdom on the two halves of the water privatisation story, and Chris Bolt on Ofwat’s water price review

The Guardian - UK

Thames Water owner to liquidate solar energy subsidiary amid debt crisis

Exclusive: solar developer Trinzic to voluntarily shut down as holding company seeks to recoup more than £25m

The Guardian - UK

Thames Water hit with £39m of penalties after missing regulatory targets

Performance report shows debt-laden company missed 21 targets in areas from pollution to supply interruption

The Guardian - UK

Friday briefing: What the crisis at Thames Water means for customers

In today’s newsletter: The UK’s biggest water company has faced fierce criticism after presiding over rising water bills and a sewage crisis – and now customers are facing a 22% increase in bills

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