Member

It will be for Ofwat, as the independent regulator, to determine how it applies the Government’s new obligation to its regulatory decision-making, while ensuring that this new duty sits alongside, rather than takes precedence over, other duties. The Government do not believe in regulation, or in imposing statutory duties for public bodies to have regard to existing legislation, just for the sake of it. In fact, we are in the process of reviewing regulation right across other sectors as part of our mission to ensure strong and sustainable economic growth.