Landmark report into ‘damaged’ water trade revealed | Sir Jon Cunliffe information convention

The system for regulating water firms in England and Wales must be overhauled and changed, a significant evaluation of the sector has suggested.

The report, which incorporates 88 suggestions, suggests a brand new single built-in regulator to exchange current water watchdogs, necessary water metering, and a social tariff for weak clients.

The means to dam firms being taken over and the creation of eight new regional water authorities, with one other for all of Wales to ship native priorities, has additionally been recommended.

The evaluation, the most important into the water trade since privatisation within the Eighties, was undertaken by Sir Jon Cunliffe, a profession civil servant and former deputy governor of the Bank of England who oversaw the largest clean-up of Britain’s banking system within the wake of the monetary crash.

#Water #UKNews #UKPolitics

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