Water (Special Measures) Bill [Lords]

Ellie Chowns Excerpts

2nd reading
Monday 16th December 2024 Commons Chamber

[Ellie Chowns (North Herefordshire) (Green)]

I declare an interest as a founding co-chair of the all-party parliamentary group on water pollution. As the Minister well knows, I have a deep and abiding interest in the theme of water pollution. I gently remind her that agricultural run-off is the primary source of water pollution in my constituency, and I welcome the constructive conversations we had on that topic last week. Today, I will talk about the broader topic of the Bill.

Water companies have extracted £85 billion of value from our water industry since privatisation—that is an extraordinary figure—and their flagrant abuse of our rivers, seas and lakes is a stain on our country, literally as well as figuratively. Some 30% of all water bills now go on debt servicing and dividends, and this is money that should be going towards maintaining and improving our water infrastructure and services. Thames Water, Southern Water and South East Water have all had their credit ratings downgraded, meaning that about a third of bill payers in England and Wales are now paying their bills to junk-rated companies, which again is extraordinary. As companies’ finances get worse, new debt gets more expensive to service, and where does the money come from? The money comes from bill payers.

It is clear for all to see that the interests of water company shareholders and the interests of the public are at odds. It is not possible to use our water as a vehicle for maximum short-term profit and at the same time to deliver safe, reliable, affordable drinking water and a clean environment. One comes at the expense of the other.

[Caroline Voaden (South Devon) (LD)]

Will the hon. Member give way?

[Ellie Chowns]

I am really sorry, but I will not give way because I know so many Members want to come in.

In my view and that of my Green colleagues, the only way to run a water system in the interests of people and nature is to take away the profit motive entirely. It should never have been allowed near our water industry in the first place. Any steps to end this culture of impunity in the water industry are very welcome. Unfortunately, the measures in this Bill are, in my view, largely to look nice in headlines, and they are maybe a bit of an attempt to look busy. I say that gently, but I do think we need to go further. In fact, the majority of the British public agree with me: 82% of the British public believe that we should have water in public ownership. I challenge the Government to take up that mantle—that mandate—from the British public to do the right thing, and to take the profit motive out of water entirely.

I always believe in talking about areas of common ground, and I recognise that multiple elements of this Bill are positive steps. I will, with my colleagues, be supporting it. I welcome the extension of monitoring requirements for sewage overflows, and I welcome the requirement for more customer involvement in decision making, which I would like to see extended to worker representation as well. I welcome the encouragement for companies to consider much more use of nature-based solutions, and I would love to see this extended even further.

To be honest, however, what we have seen with the financial mess that the companies are in is the complete failure of the model of privatisation. We need to do more than just tinkering at the edges. The Government’s water commission will not even be allowed to consider the question of public ownership, so it will hunt high and low for solutions while continuing to kick the can down the road. Is it not time that the Minister faced the reality that profit in water has failed, and to do what the majority of the British public want, which is to bring our water and sewage utilities back into public ownership?