Water Company Performance

Debate between Rosie Duffield and Rebecca Pow

Tuesday 21st February 2023 Commons Chamber

[Rebecca Pow]

I thank my hon. Friend for that point. In 2019, transparency became much more critical in Ofwat’s holding the water companies to account, because it had to agree, in the price review, how much they should be spending on infrastructure to provide clean water and to ensure the supply. Ofwat has now been directed to ensure that water companies can demonstrate that payments to bosses and so forth are linked to environmental performance.

[Rosie Duffield (Canterbury) (Lab)]

Does the Minister agree with the almost 209,000 voters who have signed a petition started by my constituents, SOS Whitstable, calling on the Government to at least consider renationalisation of the water companies? Profit-driven, largely foreign investors do not prioritise the cleanliness and economy of British beach communities or the way of life in constituencies such as mine? If the companies were answerable directly to the taxpayer, they might start to act at last.

[Rebecca Pow]

The hon. Member forgets that since privatisation £120 billion has been invested by the water companies in the critical infrastructure that we need not only to provide clean and plentiful water but to ensure the supply, so I do not agree with her that we should be renationalising them. What we do need to do is hold them to account where they are doing wrong, but also enable them to continue to invest the £56 billion they are now required to spend to deliver our future water system, with our growing population and the demands of climate change.