Five key takeaways from the landmark water sector review

The long-awaited review into England and Wales’ troubled water sector has been released.

There’s much to pick through in the 465-page report – but here are the key points.

The independent Water Commission, led by former Bank of England deputy governor Sir Jon Cunliffe, was set up in response to growing public concern about sewage spills and rising bills.

Sir Jon makes it clear that pretty much all sides are to blame for the state of the sector.

“The underlying fact is we have not managed this well, and no one comes out of this with very much glory – not government, not the water companies and not the regulators,” he told BBC Breakfast.

But it’s the role of the regulators that comes under…