4. Inkblot

We can all look the same picture, but what you make of it depends on who you are. Kate Lamble attempts to untangle the financial engineering that underpins parts of the water industry.

Reported and presented by Kate Lamble

Producer: Elle Scott

Sound Design: Andy Fell

Executive Producer: Joe Kent

Commissioning Executive: Tracy Williams

Commissioning Editor: Dan Clarke

Rinsed is a BBC Studios production for BBC Radio 4