Thames Water Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Helen Maguire
Main Page: Helen Maguire (Liberal Democrat - Epsom and Ewell)Department Debates - View all Helen Maguire's debates with the Department for Environment, Food and Rural Affairs
(1 month, 2 weeks ago)
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Emma Reynolds
The clean water Bill will introduce a supervisory regime whereby the new regulator, which will have more teeth, will have a team of people for each and every water company, really getting a grip on the performance of each water company and holding it to account. What we have seen up until now, as I said to the right hon. Member for Islington North (Jeremy Corbyn), is the shift we saw 15 years ago towards a system where companies were basically marking their own homework. That cannot be right; that is not a proper regulatory system. That is just laissez-faire and letting companies get away with the sorts of pollution incidents that we have seen.
Helen Maguire (Epsom and Ewell) (LD)
Thames Water is in crisis, so I thank the Secretary of State for not approving the deal. It is sinking under £20 billion of debt. It is like a leaky ship that cannot stay afloat. Last year, my constituents were, on average, paying an additional £203 a year. They simply cannot continue to pay the price for this failure. When will she stop pouring money into this leaky ship, put Thames Water into special administration and put everyone out of their misery?
Emma Reynolds
I thank the hon. Lady for welcoming the fact that I have sent the letter with my early concerns. As I said, there are two different ways for a special administration regime. One is insolvency, which is a matter for the directors of the company and would have to go through the courts. The other is the performance tsar.