(2 weeks, 1 day ago)
Commons ChamberThis Government are going to do what works, rather than what is ideologically correct. We are not going to strip £100 billion out of public services like the national health service to give it to the owners of the water companies who have polluted our waterways; we are not going to wait years to get investment in while pollution in our waterways gets even worse; and we are not going to let the pipes deteriorate to such an extent that bill payers are hit with even higher bills in the future. I am going to act to deliver us lower bills and clean water in the fastest way possible.
What has happened to our waterways is a national disgrace. The state in which the Conservatives left our rivers, our lakes and the seas around Britain epitomises what they did to public services in general. Does my right hon. Friend agree that what has been lacking over the past 35 years of privatisation is a proper consumer representative to protect customers, and will he give a guarantee that that will be at front and centre of the new regulator?
My hon. Friend makes an important point. In Sir Jon Cunliffe’s final report today, he makes recommendations for how customers can be put at the heart of the new model. There are several recommendations; I will not go through all of them, but one is to set up new regional entities, where customers will have direct representation in taking decisions about how water infrastructure investment will be spent to tackle the priorities in their own areas.
(2 months ago)
Commons ChamberI thank the hon. Member for his question. There is a procedure to be followed for special administration, and we stand ready should that be required, in this case or any other case involving the regulated industries. He may have had a chance today to look at the interim report, on which Sir Jon Cunliffe is inviting comments ahead of the final report in about a month. That report will form the basis of future legislation to fix the regulatory mess we inherited from the Conservative party.
Only the Conservatives could come here and defend Thames Water. The rest of the country has seen what an appalling performance this company has given during the 35 years since privatisation. I think it is time we put this company out of its misery, but we must do so in a way that does not bring the debts it has run up on to the taxpayer or the bill payers. Can my right hon. Friend say whether one of his options is preparing for that eventuality?
I thank my hon. Friend for his question. We are prepared for every eventuality, as I have outlined, and we will take whatever action is necessary to ensure the continuing supply of water to customers in the Thames Water region and elsewhere.