Thames Water

Lord Bailey of Paddington Excerpts

Wednesday 17th June 2026 Lords Chamber

[Baroness Hayman of Ullock (Lab)]

The simple answer is that we are considering all possibilities and eventualities. We want to have everything on the table, because the most important thing is that we continue to maintain this absolutely vital public service.

[Lord Bailey of Paddington (Con)]

My Lords, when we eventually get to the point where we have a new regulator, what will be done to make sure it is not staffed by the people who already run Ofwat? One of the problems we have had in this whole debacle is that there is a very chummy relationship between people who are very senior in the same industry. How will the Government navigate that to make sure we do not just go back to the same old problems under a different management design?

[Baroness Hayman of Ullock (Lab)]

I am not in a position to comment on chumminess, because I do not know the people involved. The whole point of bringing in a new regulator is to improve things and get the right focus, so that we can really shake up the water industry and make sure that it is fit for the future. There is no point in bringing in a new regulator if you are just tagging the old one with a new name.