Ofwat’s tighter spending targets would ‘hamper sector’s ability to deliver environmental and service improvements’, study will say
Water companies will struggle to raise the billions of pounds needed to clear Britain’s waterways and fix its creaking infrastructure under the regulator’s plan to keep a lid on rising water bills, the industry will warn.
The water sector’s trade association, Water UK, is expected to warn the industry regulator that its proposals to cap the steady rise in household bills by curbing water company spending may drive away the investors needed for a multibillion-pound overhaul of water infrastructure.
