Water: Bills and Executive Remuneration

Lord Foulkes of Cumnock Excerpts

Tuesday 3rd July 2018 Lords Chamber

[Lord Gardiner of Kimble]

My Lords, my noble friend has highlighted an issue that I think we need to hear more of, particularly as we look at climate change and increasing population. We need to secure more water transfers between water companies, which will build resilience and reduce the cost of meeting future demand. So I am very pleased with what is going on already, but the water companies need to work more and we need to increase our infrastructure.

[Lord Foulkes of Cumnock (Lab)]

My Lords, is the Minister aware that there is one part of this country, the United Kingdom, where we do not have any of these problems of highly paid water executives, because under successive Governments of different parties, water has remained in public ownership—and that is Scotland?

[Lord Gardiner of Kimble]

Well, your Lordships know that I am very keen on Scotland, but I entirely disagree with the noble Lord about privatisation.

[Lord Foulkes of Cumnock]

Come to Scotland!

[Lord Gardiner of Kimble]

Privatisation has permitted us £140 billion. There are so many examples of what the investment was before privatisation. The noble Lord shakes his noble head, but privatisation has made a very considerable difference to water quality, the quality of our beaches and the reduction in water pollution. However, there is more to do.