‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Water firms to get ‘MOT checks’ in regulatory overhaul Regulation Water companies are set to receive “MOT checks” on the quality of their infrastructure in a fresh regulatory overhaul aimed at preventing crumbling pipes, mishandled sewage and unreliable services. Utilities businesses will receive “health checks” to assess the quality of pumps and pipes by a new water regulator set to be introduced under the government’s [...]
Environment secretary: Labour’s water revolution will give investors certainty Opinion Abolishing Ofwat and streamlining water regulation will give the sector the clarity and accountability it needs to attract private investment, says environment secretary Steve Reed Today is the start of a water revolution. When I came into office a year ago, it was immediately clear our water system needed a complete reset. There were high [...]
Environment secretary says Thames Water has ‘a number’ of options Politics Environment secretary Steve Reed told LBC’s Nick Ferrari that there are “a number” of potential investors for Thames Water, just minutes after news broke that US private equity firm KKR had dropped out of a last ditch effort to save the embattled water giant. Reed had already been booked to appear for a ‘Call the [...]
Record 81 criminal investigations opened into water firms May 20, 2025 Over 80 criminal investigations into water firms have been launched since the general election, which if proven could leave bosses facing five years in jail and firms on the hook for hundreds of millions of pounds, the environment watchdog has said. The Environment Agency has used new powers handed to it by the government to [...]