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New government pledges ‘reset moment’ for water companiespublished at 08:13

Nadia Ragozhina
Live page editor

This morning we’ve brought you a flurry of lines from the water regulator, Ofwat, and the Environment Secretary Steve Reed’s team.

Reed is due to meet water bosses later – we already know he will tell them to prioritise the interests of customers and the environment, as part of government plans to reform the sector.

Ofwat CEO, David Black, says customers “want to see radical change” in the way water companies care for the environment, adding he is “very concerned” about the bonuses being paid to water company bosses.

This morning, Ofwat has given suppliers provisional permission to increase annual household bills by an average of £94, or 21% over five years, a third less than requested by water firms.

We also heard this morning that the UK economy grew by 0.4% in May, according to the ONS – these growth figures are from before the change in government.

There’s plenty more to come today, including the continuation of the prime minister’s visit to the US for a Nato summit.

Stay with us as we bring you all the latest lines and analysis throughout the day.

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