Lib Dems vow to banish Ofwat and water company bonuses

The Liberal Democrats have vowed to scrap Ofwat and replace it with "a tough new regulator" as part of a promise to take a “strong” stance against sewage pollution. In its election manifesto, the party sets its sights on the water sector, outlining proposals to turn firms into public benefit companies and threatening to ban bonuses “until discharges and leaks end”. The party criticises the past 14 years of Conservative rule and said the Tories “are letting water company bosses get away with paying themselves millions of pounds in bonuses while dumping millions of tonnes of raw sewage”.