HOUSEHOLDERS face water bill hikes of up to 84% as an independent review called for Ofwat to be abolished.The review could consider getting rid of regulator Ofwat among other measures to reform the sector.This news comes as Southern Water, which serves 4.6m customers in the Isle of Wight, Hampshire, Sussex and Kent, wants to push the average bill of £420 to £772 by 2030.The Daily Star reported this week that water firms are 1,000 years behind replacing lead pipes and an earnings audit that revealed water bosses increased their bonuses to £9.1m, despite record levels of leaks and sewage spills.Chancellor Rachel Reeves told water firms hikes must be used to rebuild the "crumbling" supply system, saying: "If prices are going to go up it's really important that all of that money goes into investment."

WATER BILLS TO RISE 84%

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.