Ofwat Regulator's Spending on Business Consultants Raises Concerns
Conflicts in Regulation
A recent analysis revealed that the water industry regulator, Ofwat, has spent £26.7m on business consultants, some of whom also advise private water companies. This close relationship has sparked concerns about potential conflicts of interest.
Campaigner Advocacy
Environmental campaigner Feargal Sharkey has called for the abolition of Ofwat, highlighting the blurred lines between regulators and the companies they are supposed to govern.
This revelation raises questions about the effectiveness of current regulatory practices and the need for greater transparency in regulatory oversight.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.