Steve Reed

Steve Reed

Labour (Co-op) — Streatham and Croydon North

Speaking in the House of Commons on 21 July 2025

Debate

Independent Water Commission

Contribution

I agree with my hon. Friend; it is a shame that no Reform Members have turned up, although perhaps it is not surprising because they did not bother mentioning this issue in their manifesto either. We did hear at the weekend that their leader, the hon. Member for Clacton (Nigel Farage), wants to hand £50 billion of taxpayers’ money to the owners of water companies. If we add that to its existing £80 billion of unfunded commitments, it comes to £130 billion. By my reckoning, that is almost double the amount that Liz Truss bet and lost on the economy when she crashed it and sent mortgages, prices and rents skyrocketing. Reform wants to double down on the bad bet.

More from Steve Reed

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Steve Reed's full parliamentary record including voting history, expenses and all other contributions, see the Steve Reed report card.