Oral Answers to Questions

Neil Hudson Excerpts

Thursday 4th September 2025 Commons Chamber

[Mr Speaker]

I call the shadow Minister.

[Dr Neil Hudson (Epping Forest) (Con)]

The future of Thames Water is in sharp focus again, affecting millions of people and potentially the wider UK taxpayer. Bizarrely, the third party—along the Benches to my left—led legal action that could have sunk the company. Reform UK is also happy for the company to go under, exposing taxpayers to a cost of billions and pushing consumer water bills through the roof. This Labour Government, in the passing of the Water (Special Measures) Act 2025, repeatedly blocked our Conservative amendment that would have enabled limits to be placed on the amount of money that can be borrowed by water companies.

As we reach a precipice with Thames Water, and given the Cunliffe review’s clear call for improved financial responsibility, will the Government rethink their approach and adopt sensible measures to put water companies on a more stable and secure financial footing to protect water, the environment and the British taxpayer?

[Steve Reed]

The reason that Thames is in the state that it is in is the weak, so-called “light-touch” regulation that the Conservatives imposed on the water companies when they should have been getting a grip. The point beyond that that the hon. Gentleman makes is a sensible one, however, and our reforms to water regulation and indeed to the regulator are intended to ensure that such problems cannot happen again. In the case of Thames, we are of course keeping a very close eye on what is going on with that company. At the moment, it remains viable, but we are ready for all eventualities, should they occur.