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. The letter from Gove, which was seen by the Guardian, said: “While we are not proposing any new powers for the regulator or its staff, I would like you to consider whether it is appropriate for
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.