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Water bills set to rise by a fifth as government calls for 'complete reset' of sector

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Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
The article from MSN discusses the anticipated increase in water bills in the UK, which are set to rise by about 20% over the next five years. This increase is part of a broader initiative by the government to overhaul the water sector, aiming to address issues like sewage pollution and infrastructure decay. The government's plan includes a significant investment in infrastructure to improve water quality and reduce environmental impact. Water companies are expected to invest £96 billion between 2025 and 2030, which would be the largest investment in water infrastructure in the UK since the Victorian era. This investment is intended to tackle the frequent sewage discharges into rivers and seas, which have been a point of public and environmental concern. The article also mentions that Ofwat, the water regulator, will have the authority to block these price hikes if companies fail to meet performance targets, ensuring accountability and efficiency in the sector's transformation.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/water-bills-set-to-rise-by-a-fifth-as-government-calls-for-complete-reset-of-sector/ar-AA1vTtZQ ]