Oral Answers to Questions Debate
Full Debate: Read Full DebateRachel Blake
Main Page: Rachel Blake (Labour (Co-op) - Cities of London and Westminster)Department Debates - View all Rachel Blake's debates with the Department for Environment, Food and Rural Affairs
(2 days ago)
Commons ChamberI am sure that the hon. Lady will be reassured to hear that the Government have ringfenced money that is earmarked for investment in water infrastructure so that it can no longer be diverted for payments on bonuses and dividends. If water companies attempt to do anything of the kind, the money will be refunded to their customers through a discount on their bills.
I add my voice to all those paying tribute to the greatest generation as we all remember VE Day. I know that many of us will be travelling back to our constituencies to join in celebrations up and down the country.
It is no wonder that the public are angry about paying the price for Conservative failure. By allowing water infrastructure to decay on their watch, the previous Conservative Government not only failed to ensure proper regulation of the industry but drove up costs of essential repairs, resulting in increased bills for customers. While I cannot undo the damage of the past, I can ensure that it never happens again. That is why funding for vital infrastructure has been ringfenced by this Government so that it can never be diverted for bonuses or dividends.
Roberto, one of my constituents, has seen his water bill go up by nearly 45% in the last two years, and other constituents have contacted me to say that their bills have nearly doubled in that time. I am pleased by what the Minister said about holding the previous Government to account for their failure to invest in infrastructure. What more can the Government do to hold Thames Water to account for its failure to invest in infrastructure, its poor service and these rip-off charges for consumers?
Roberto is right to feel angry about his bill increase, the past performance of water companies and the toothless regulation under the previous Government. We have already taken action to deliver our manifesto promise to hold water companies to account, ban unfair bonuses and introduce criminal liability with up to two years in prison. We have also created the water delivery taskforce to ensure that all water companies, including Thames Water, deliver on their promised infrastructure improvements. The Government will always support those struggling with their water bills. Indeed, this Labour Government and water companies are more than doubling the social tariff support over the next five years.