T

The Duke of Wellington (CB)

Speaking in the House of Lords on 4 June 2025

Debate

Thames Water

Contribution

My Lords, does the Minister agree that—as many people have said already—the root of the problem at Thames is the level of debt? The fact is that, many years ago, Ofwat allowed Thames Water to increase the level of its own debt beyond any reasonableness. The public have been let down as much by the regulator as by the water companies. I very much hope that the Minister will agree that we need to change the type of regulation that the water companies have to live by.

More from The Duke of Wellington (CB)

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.

Partner sites