Water companies in the UK have been warned to crack down on executive pay and offshore financial arrangements by environment secretary, Michael Gove. Writing to Jonson Cox, chairman of Ofwat, the sector’s regulator, Gove said that the government could give the body greater power to combat abuses. Gove’s comments follow the disclosure by industry body Water UK that average household water and sewerage bills in England and Wales will rise by £13 ($9), or 2%, to £405 in 2018-113.
Water companies in the UK have been warned to crack down on executive pay and offshore financial arrangements by environment secretary, Michael Gove. Writing to Jonson Cox, chairman of Ofwat, the sector’s regulator, Gove said that the government could give the body greater power to combat abuses. Gove’s comments follow the disclosure by industry body Water UK that average household water and sewerage bills in England and Wales will rise by £9 ($13), or 2%, to £405 in 2018-19.