Water White Paper

Debate between Emma Reynolds and Chi Onwurah

Wednesday 21st January 2026 Commons Chamber

[Emma Reynolds]

I agree with the hon. Lady that the water pollution we see in the River Wye is completely unacceptable. That is why we are working closely with the Welsh Government, such as through the £1 million research grant to look at the sources of pollution affecting the River Wye. We are also doubling funding for the Environment Agency to inspect farms so that we have a clearer picture and can better enforce the regulations we already have, and we are streamlining those regulations so that farmers can comply.

The hon. Lady is right that there is a real problem here. I do not count it in the number of words, but there is real action in the document. It sets out what we are going to do to work in partnership with farmers, strengthen regional planning and better target our environmental land management schemes. She will have seen that the environmental improvement plan contains a comprehensive plan to tackle agricultural pollution. I refer her to the document we published before Christmas.

[Dame Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)]

I see that Tory MPs are too scared to turn up to hear how we are cleaning up their mess. As a Newcastle MP, as an engineer and as a cold water swimmer—the North sea is very cold—I welcome the Government’s new vision for water, which will deliver the water my constituents deserve at a price they can afford. I am, quite frankly, tired of the continual chorus that whatever the failure, whatever the fault, the costs must be passed on to the consumer. In a competitive market, consumers can go elsewhere if they do not like the service they are receiving. With water, we have no choice. Will the Minister confirm that if there is a failure or a mess-up by the companies, either they, their shareholders or their management will pay for it, not my constituents?

[Emma Reynolds]

I admire my hon. Friend for swimming in the sea at all times of the year, by the sound of it. This new approach, the overhaul we are announcing in the White Paper, will establish a more powerful, integrated regulator that has more teeth, and a system that puts an end to the water companies marking their own homework—a system in which there is nowhere to hide for poor performance.

Financial Services Reform

Debate between Emma Reynolds and Chi Onwurah

Wednesday 16th July 2025 Commons Chamber

[Emma Reynolds]

I can reassure the right hon. Gentleman that we are not suggesting getting rid of risk warnings. I think that is what he was asking me most directly. One of the investment platforms did some research into the wording of risk warnings, and he will probably know that there is quite a gender gap. If we look at the figures from the Financial Conduct Authority’s financial lives survey, we see that more men have the confidence to invest than women, for example. There are other demographic factors, too. We want to give people the option and the confidence to invest, but of course there will always be risk warnings. However, there is also a risk if someone holds all their savings in cash over the long term, due to inflation.

[Dame Chi Onwurah (Newcastle upon Tyne Central and West) (Lab)]

The Science, Innovation and Technology Committee’s inquiry into regional innovation and growth has repeatedly heard that access to capital outside London and the south-east is the biggest barrier to start-ups scaling up and delivering growth and jobs. The reforms that the Minister has set out to reintroduce informed risk taking, which I am sure will be prudently implemented, should realise capital to catalyse growth. Can she say a little about how this will deliver more capital investment into the productive economy of the north-east?

[Emma Reynolds]

I might not be able to give my hon. Friend the specifics about her region right now, but I will say that my colleague the Pensions Minister, my hon. Friend the Member for Swansea West (Torsten Bell), has secured an ambitious industry-led accord—the Mansion House accord—that commits 17 pension funds, representing 90% of active defined-contribution savers, to invest 10% of their funds in private assets, half of which are to be in the UK. They will be on the hunt for good firms that could be successful in the future and that need capital to start up and scale up. We are also working closely with the British Business Bank on these issues, as my hon. Friend will know.

Oral Answers to Questions

Debate between Emma Reynolds and Chi Onwurah

Tuesday 6th November 2012 Commons Chamber

[Chi Onwurah (Newcastle upon Tyne Central) (Lab)]

10. If he will use the revenue received by the Exchequer from the forthcoming auction of the 4G mobile telephone spectrum for the purpose of building affordable homes over the next two years.

[Emma Reynolds (Wolverhampton North East) (Lab)]

11. If he will use the revenue received by the Exchequer from the forthcoming auction of the 4G mobile telephone spectrum for the purpose of building affordable homes over the next two years.