[gpt]Rewrite this article in 3-5 professional paragraphs with insights and context. Use
subheadings for each section. End with “Why it matters:” followed by one impactful sentence:
Steve Reed says he is unable to rule out further above-inflation rises and any decision would be up to regulators
The environment secretary, Steve Reed, has said he is “furious” about an average 36% rise in water bills in England and Wales but was unable to rule out further above-inflation increases in future to fix the broken water sector.
Reed said he hoped that “root and branch” reform of the industry would lead to billions of pounds more in investment, which would mean companies would “never again” have to increase bills in the way they did last year.
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Source: Politics | The Guardian
