Future of Thames Water
Debate between Richard Tice and Angela Eagle(5 days, 23 hours ago)
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Dame Angela Eagle
No, I must make this point, which is quite important in the context of the debate. There is a high bar for the use of special administration regimes. The law states that special administration can be initiated only if the company becomes insolvent—while Thames Water is living fairly hand to mouth, it is not currently insolvent—or is in such a serious breach of its principle statutory duties or an enforcement order that it is inappropriate for the company to retain its licence. Those are the only two things than can lead to the application of a special administration regime.
Richard Tice
Thames Water is not able to meet its financial obligations. The debt is trading at 5p in the pound. It says it is going to invest £20 billion in the next five years; it does not have the money. It cannot meet its obligations. While all that is going on, it is not repairing or investing in the pipes. It is bust. It is not meeting its obligations. It does meet those criteria, Minister.
Dame Angela Eagle
There is a process going on between the creditors and the company that must be allowed to finish one way or another. I have just said that, should Thames Water become insolvent, we will not hesitate to apply to the court to place the company into a special administration regime. Hon. Members on both sides of this Chamber should be reassured by that. We will continue to work with Ofwat to help support a market-led solution to the company’s issues of financial resilience and operational delivery.
Asylum Seekers: Hotel Accommodation
Debate between Richard Tice and Angela Eagle(1 year, 1 month ago)
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Dame Angela Eagle
For the integrity of any asylum system, it is important that a person who is not granted asylum recognises that they do not have the right to stay in the country. Hopefully they will leave voluntarily; if not, they will be removed. Immigration enforcement, which operates out of the Home Office, is focused on increasing total returns. As I said, they are up 19% on the same period last year, and we intend to double down and carry on.
Richard Tice (Boston and Skegness) (Reform)
In Boston and Skegness, we want the use of hotels by asylum seekers to stop, as is the case across the country. Under the previous Labour Government 20 years ago, processes and applications were dealt with within three to four weeks, including appeals, and only about 20% of applications were granted asylum. When will the Minister and the Home Office get back to the sensible workmanlike processes that worked 20 year ago?
Dame Angela Eagle
We are working on it, but, as the hon. Gentleman knows, we have inherited a huge mess with large backlogs that are not easy to clear.