Independent Water Commission
Debate between Mike Martin and Steve Reed(4 weeks, 1 day ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Steve Reed
My hon. Friend is absolutely right; this sewage scandal affects the entire country, including his constituency of Hartlepool. It is important that this commission focuses on ensuring that consumers and the environment come first, and that we have a water sector that serves their interests primarily. I hope that he will make his points directly to the commission, because they will value hearing from him.
Mike Martin (Tunbridge Wells) (LD)
I was a brand-new parent when South East Water cut off the water for six days for me and for thousands of my constituents. South East Water is 74% in debt—it is the second most indebted company in the land. Its current investment plans rely on taking on more debt, which is then paid for through increased customer bills. Clearly, that is unsustainable not just for the companies, but for the customers because of their ever-rising bills. Will the Secretary of State assure me that this commission will make suggestions for reducing the indebtedness of water companies?
Steve Reed
That is an important point. The commission will be looking at the financial viability of water companies, including their levels of indebtedness. The hon. Member also made the important point about what happens when water companies cut off supplies, because, frankly, compensation to individual households and businesses has been inadequate. That is something that we seek to address through the Water (Special Measures) Bill, which is going through Parliament right now, so it need not wait for the commission.