Environment Secretary Steve Reed condemned the average 36% rise in water bills in England and Wales, linking it to a lack of investment over 14 years. He cannot eliminate the possibility of future increases, but advocates for fundamental reform in the water sector to secure adequate investment and prevent bill spikes. A consultation regarding the establishment of a new water regulator is forthcoming, with plans to abolish Ofwat. Reed emphasized the importance of updating water infrastructure to minimize unexpected bill increases and ensure financial stability for consumers.
Steve Reed expressed his outrage over the 36% rise in water bills, attributing it to 14 years of previous government failures in addressing investment in water infrastructure.
He emphasized the need for root and branch reform in the water sector to ensure consistent and adequate investment, preventing future massive bill hikes for consumers.
Reed stated that the government will consult on creating a new water regulator, as the current watchdog, Ofwat, is expected to be abolished.
Moving forward, Reed highlighted that if companies upgrade their infrastructure, bill increases would be more predictable and avoid the drastic hikes experienced last year.
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