Water (Special Measures) Bill [HL]
Debate between Lord Sikka and Baroness Anderson of Stoke-on-TrentWednesday 20th November 2024
(1 month ago)
Lords ChamberRead Full debate Water (Special Measures) Bill [HL] 2024-26 View all Water (Special Measures) Bill [HL] 2024-26 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: HL Bill 45-I(a) Amendment for Report (Supplementary to the Marshalled List) - (19 Nov 2024)
Baroness Anderson of Stoke-on-Trent (Lab)
The noble Lord has reached the time limit.
Lord Sikka (Lab)
Sorry, I did not realise. I was just beginning to enjoy that.
Just to finish off—not long to go now—the question is: why should these criminals be allowed to remain in charge? These things are not minor infractions. Last time we debated this, the Minister said that there were
“significant consequences for a company’s investors. Investors would not have the confidence to invest money if the special administration regime could be triggered without allowing a company to rectify any performance issues”.—[Official Report, 4/11/24; col. 1373.]
That is, again, a very strange argument that we should allow criminals to continue because somehow it might upset the market. On that basis, it would open the doors to criminal activities everywhere—
Baroness Anderson of Stoke-on-Trent (Lab)
I am so sorry, but we have reached time. Thank you.