The Government is bracing for the release of a landmark review into the water industry, which could reportedly lead to the abolition of embattled water regulator Ofwat.The Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, will outline recommendations to turn around the floundering sector in its final report on Monday.The review was commissioned by the UK and Welsh governments as part of their response to systemic industry failures, which include rising

The Government is bracing for the release of a landmark review into the water industry, which could reportedly lead to the abolition of embattled water regulator Ofwat.The Independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, will outline recommendations to turn around the floundering sector in its final report on Monday.The review was commissioned by the UK and Welsh governments as part of their response to systemic industry failures, which include rising bills, record sewage spills and debt-ridden company finances, although ministers have ruled out nationalising companies.