Thames Water

Debate between Danny Beales and Emma Reynolds

Tuesday 16th June 2026 Commons Chamber

[Emma Reynolds]

We appointed FTI Consulting because, in the event of a special administration regime, it is right to have prepared for that eventuality and to have that contingency arrangement in place, but I am afraid that the figure for which the hon. Gentleman has asked is not at my disposal.

[Danny Beales (Uxbridge and South Ruislip) (Lab)]

The Secretary of State is absolutely right: Thames Water has let down my constituents and Londoners more broadly with years of chronic under-investment, while paying record levels of bonuses and dividends. I recently visited my local sewage treatment works, and saw proposed improvements to increase storm surge capacity on site and to improve filtration levels to clean up our waterways. Will the Secretary of State assure me and my constituents that those much-needed planned improvements will not be further delayed by ongoing institutional uncertainty about the future of Thames Water, so that we can finally turn the page on 14 years of Tory neglect of our waterways?

[Emma Reynolds]

I certainly want to turn the page on the failures of this company that have affected my hon. Friend’s constituents and those of other Members. Thanks to the Water (Special Measures) Act 2025, for which my hon. Friend voted, polluting water companies do not now receive bonuses. However, he is right to suggest that we need to resolve this situation and ensure that the improvements he has mentioned take place, and I have expressed my early concerns about this proposal because I do not want to see significant delays in such improvements.