Why "ofwat" Is Trending Today?

Ofwat, the UK water regulator, is set to be abolished. Wales will gain its own water watchdog, while the rest of the UK will see a new regulatory structure, following record sewage spills. Critics argue that simply abolishing Ofwat is insufficient and call for tougher penalties for water company failures.

Ofwat, the UK's water regulator, is set to be abolished and replaced with a new, more powerful regulator following a damning review that found it had failed customers and the environment. The move, confirmed by the government, aims to drive fundamental reform of the water sector and comes as water bills are expected to rise by up to 30% in the next five years.