(10 years, 2 months ago)
Commons Chamber2. What plans she has to reduce water bills.
Ofwat will announce its current price review in December. The draft determinations indicate that average water bills in England and Wales will fall by up to 5% in real terms from 2015 to 2020. This will mean lower bills for hard-working taxpayers as part of our long-term economic plan.
If we look at how much water bills rose under Labour, we see that from 1999 to 2009 bills went up by 20%. Under the new tough regulation of Ofwat, we are seeing a potential reduction of up to 5%, meaning lower bills for consumers, more investment in the water industry, and cleaner rivers and beaches.