Water (Special Measures) Act 2025: Enforcement
Debate between Mike Martin and Alistair Carmichael(1 week ago)
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Mr Carmichael
All this talk of gangsters makes me think my hon. Friend must be styling himself as the Eliot Ness of the water industry. His point about the Drinking Water Inspectorate is particularly important today, as we hear about the changes proposed in the White Paper. The DWI does exceptionally high quality work. Does he agree that we must not lose that output when we fold it into the new super regulator?
Mike Martin
I am well over my time, and I need to get to the point of my speech, but I get incredibly passionate when defending my constituents’ interests and their right to clean water. The White Paper is out today. My challenge to the Minister, whom I count as an ally in this fight, is this. What measures contained in the White Paper would have prevented the outages in Tunbridge Wells? She will, of course, give me an answer from the Dispatch Box, but I ask her to reflect honestly on that.
I also ask her to think about debt, which the Government do not speak to in the White Paper. About £70 billion of debt is held across the water industry, much of it by shareholders in water companies that pay out 10% interest. Financial engineering got us into this mess, and we need a bit of financial engineering to get us out of it and to lower interest rates on that debt. I ask the Minister to speak to that.