Water (Special Measures) Bill [Lords]

Lindsay Hoyle Excerpts

Report stage
Tuesday 28th January 2025 Commons Chamber

[Clive Lewis]

I do recognise that, and not for one second am I calling for nationalisation, which is the model the right hon. Member was talking about. There is a plethora of possibilities for public ownership, from mutualisation through to giving regional authorities more scope, and even working with the private sector. We must ensure that the public have a critical say over the future of water, and there are multiple forms that public ownership can take. I am not necessarily in favour of 1970s-style nationalisation, which is pretty much what they have in Scotland at the moment.

I will, however, ask those on the Front Bench to consider new clause 8 and ensure that our constituents—the people we came into politics for—do not foot a single penny more for the failures of privatised water. Investors, shareholders and creditors should be the ones who take the haircut. They should be the ones who foot the bill because of what they have done to our water. This should not be landing on the heads of our constituents. This is a political choice, and I urge my Government to make it clear that we will always back the public, not the private companies that have got us into this mess.

[Mr Speaker]

I call the Liberal Democrat spokesperson.