Lib Dems call for Ofwat to be scrapped

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The Liberal Democrats have called for Ofwat to be scrapped and for a new powerful regulator to be created in its place. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00We have a water industry which is too powerful and a regulator that is too weak.

00:04The Liberal Democrats' view is very simple. Scrap off what and then also take the regulatory

00:08powers off the Environment Agency and create a single, unified, much more powerful regulator

00:15that will make the water industry fearful and indeed change the way the water industry operates

00:21so there is no permission to take away money out of the industry to pay dividends when they've not

00:27been earned bonuses when they're undeserved.

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