Ofwat imposes stiff penalties on Southern Water

Southern Water has been fined £3 million in penalties and £123 million in payments to customers, following an investigation by the regulator Ofwat. It is the biggest penalty Ofwat has imposed.

The watchdog found that the company had deliberately Read more

Do fines work?

Over the past few years, fines doled out to companies by regulators have rocketed. Banks, energy companies and others have received record-breaking fines for not following rules. Last year for instance, the US Department of Justice fined BP over Read more