Rebecca Long Bailey

Rebecca Long Bailey

Labour — Salford

Speaking in the House of Commons on 3 June 2025

Debate

Thames Water

Contribution

I note the Secretary of State’s reluctance to entertain public ownership, but I draw his attention to research from the University of Greenwich that shows that bringing water into public ownership would pay for itself within about seven years and that, after that, it would save the public purse up to £2.5 billion a year. Is the Secretary of State aware that immediately bringing Thames Water into special administration and permanent public ownership would cut the company’s massive debt mountain in half, stop the payment of huge dividends and debt payments into the future, and within just several years actually start turning a profit for the people of this country?

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