Providers are saddled with debt, with the largest company, Thames Water, on the brink of collapse. Meanwhile, Britain could face some water shortages by the mid-2030s without new reservoirs being built.

Britain on Wednesday launched a major review to tackle the crisis in its water utility sector after years of under-investment and pollution scandals affecting rivers, lakes and seas, which could result in its regulator being abolished.

Former Bank of England Deputy Governor Jon Cunliffe will lead a major review into the UK’s privatized water industry as it faces mounting public anger over sewage spills and rising bills.

An independent review into the water industry could overhaul the sector to clean up waterways across the Dunstable and Leighton Buzzard constituency following public outrage over sewage and water bosses' bumper bonuses.

New review into water industry launched Join us live as we tackle the biggest business and economic stories, with reports and interviews. In today's top stories, a new commission is to investigate Britain's troubled water industry in a bid to tackle sewage pollution,