Water UK responds to the provisional determinations from the Competition and Markets Authority

A Water UK spokesperson:

“The Competition and Markets Authority’s findings are provisional and water companies will need time to understand the detail in full. If these decisions stand, the CMA has restored more than half a billion pounds in funding. This overturns the limits set by Ofwat for how much five companies can invest in their infrastructure. This process has unfortunately been necessary to secure the investment our economy and environment need.

“As the CMA acknowledges, the system requires urgent reform. The government has said it will abolish Ofwat and set up a new regulator. The country needs that to happen as soon as possible.”