Water firms hit by toughest profit crackdown in 30 years
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Water firms in England and Wales are facing the toughest restrictions on investor payouts since privatisation 30 years ago, the regulator has said.
Ofwat also said water firms would have to cut the average customer bill by £50 over the next five years.
It is also forcing firms to invest billions of pounds to improve their performance and reduce leaks.
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