The Latest Breaking News from Ofwat

Watchdog for England and Wales looking into claims refurbishment costs are ‘breathtakingly high’ compared with other countries

Ofwat said water company bosses must find ways to ‘achieve earlier completion’ on major projects in the coming years.

It’s a story of betrayal, of backstabbing and greed, of Wall Street excess and of junk bonds, of corporate decimation and countless lives shattered by sackings, of asset stripping and exploitation and it epitomises the very worst of global corporate finance. It is also a story coming to a water…

Bills have risen on all fronts this month – but there are things you can do

From April, households will have to pay more for everything from energy to council tax

Alastair Cochran’s successor to be appointed ‘in due course’ at critical time for cash-strapped company

With the average household already spending £2,062 on essentials each month, the latest increases could add another £49.45 to this figure.

Labour has called the figure ‘disgraceful’

New powers mean regulator can ban payouts under criteria of Ofwat’s choosing

Ofwat found ‘serious failures’ over how the company operated and maintained its sewage network resulted in excessive spills from storm overflows.

With six bids on the table, the company’s reference to ‘support and accommodations’ sounds like a plea for special treatment