UK government initiates extensive review of water utility sector led by Jon Cunliffe, targeting underinvestment, pollution, and tariff increases.

The UK government has initiated a substantial review of its water utility sector, led by former Bank of England deputy governor Jon Cunliffe. This effort aims to tackle underinvestment and pollution issues, strengthen regulation, and guide reforms. Thames Water and others are requesting significant tariff increases, potentially raising average bills by 40% by 2030. The review, the largest since privatization, will inform future legislation focused on improving water quality and infrastructure.

October 22, 2024
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