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The Water (Special Measures) Bill gives regulator Ofwat the power to ban bonuses when performance falls short.

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

Company hopes to win big compromises from regulators to get its financial restructuring over the line

Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings

Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiry

Consumer trust in the sector is at an all-time low, the National Audit Office found.

NAO finds regulatory gaps have enabled overspending on infrastructure building while not improving sewage works

Watchdog for England and Wales looking into claims refurbishment costs are ‘breathtakingly high’ compared with other countries

Ofwat said water company bosses must find ways to ‘achieve earlier completion’ on major projects in the coming years.

It’s a story of betrayal, of backstabbing and greed, of Wall Street excess and of junk bonds, of corporate decimation and countless lives shattered by sackings, of asset stripping and exploitation and it epitomises the very worst of global corporate finance. It is also a story coming to a water…