Thames Water

Jeremy Corbyn Excerpts

Tuesday 3rd June 2025 Commons Chamber

[Steve Reed]

Absolutely; we intend to clear up the mess the previous Government made. The fine that my hon. Friend refers to—indeed, there have been others—is the result of the additional criminal investigations we have launched, which follow on from the additional resources we have given the regulator so that it can investigate what is going wrong and then take action. What a difference between this Labour Government, who are putting our water companies under special measures, and the previous Government, who let them get away with it and line their pockets.

[Jeremy Corbyn (Islington North) (Ind)]

I find it deeply depressing to hear the Secretary of State say that somehow or other there is a market solution there for Thames Water. We have had 35 years of excessive profits, pollution and rising bills. He knows he will have to take Thames Water into public ownership at some point. He quotes this strange figure of £100 billion in compensation, but surely if we took it into public ownership, Parliament would set the price at which we would purchase the company, taking into account excessive profits, pollution, damage and the destruction of so many people’s lives through the way Thames Water has behaved. Will the Secretary of State be tough with it for once and say that water is a human right, and that it should be publicly owned and publicly run?

[Steve Reed]

Water is indeed a human right, which is why this Government are taking every step necessary to sort out the broken water system that we inherited from the previous Government.