UK ministers to intervene in water price review, demand cost cuts and leak fixes

Environment Secretary Angela Eagle has told water suppliers in England and Wales that the government will intervene in the next Ofwat price review, directing companies to prioritize value for money, reduce costs, and address leaks and sewage overflows. This marks a shift from the regulator-led process, signaling increased political control over utility pricing and investment. The move could pressure water company margins and affect investor sentiment in the sector, though details of the intervention remain unspecified.

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