New review into water industry launched in bid to tackle sewage pollution and 'broken' infrastructure

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Campaigners have warned against sacrificing environmental standards in order to attract investment into the industry, as the government looks to raise funds to fix sewage leaks and ageing infrastructure.

A new commission is to investigate Britain's troubled water industry in a bid to tackle sewage pollution, 'broken' infrastructure, and toughen up weak regulators. The new Independent Water Commission will deliver the 'largest review of the sector since privatisation', the UK and Welsh governments said as they unveiled the plans. Campaigners have warned against trade-offs between attracting investment, keeping bills affordable and protecting the environment.

' The water commission will 'attract the investment we need to clean up our waterways and rebuild our broken water infrastructure', he added. Mr Reed has ruled out renationalising the water industry to tackle pollution. The new body will be chaired by former deputy governor of the Bank of England Sir Jon Cunliffe.

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