The water sector in England and Wales needs a 'fundamental reset' after being plagued with 'deep-rooted, systemic' failures, according to a new report.In an interim report published on Tuesday, the Independent Water Commission calls for a 'fundamental strengthening and rebalancing' of Ofwat's regulatory role, calling for the watchdog to adopt a more supervisory approach to its oversight of water firms.

The water sector in England and Wales needs a 'fundamental reset' after being plagued with 'deep-rooted, systemic' failures, according to a new report.In an interim report published on Tuesday, the Independent Water Commission calls for a 'fundamental strengthening and rebalancing' of Ofwat's regulatory role, calling for the watchdog to adopt a more supervisory approach to its oversight of water firms.