Steve Reed will meet chiefs of companies including Thames Water hours after a crucial set of rulings by the industry regulator Ofwat, Sky News can reveal.
The new environment secretary has summoned the bosses of most of Britain’s water companies for urgent talks amid signs that Labour will take a tougher approach to regulating the industry. Sky News has learnt that Steve Reed will hold talks with executives from all 16 of the suppliers in England and Wales, including Thames Water, Yorkshire Water and Severn Trent.
Temporary nationalisation remains a possibility for Britain's biggest water company, although Sir Keir Starmer's administration has already said that it does not intend to pursue such an outcome. In opposition, Mr Reed - now Secretary of State for the Environment, Food and Rural Affairs - pledged to push for criminal sanctions against water company executives who failed to prevent sewage contaminating Britain's waterways.
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