Steve Reed

Steve Reed

Labour (Co-op) — Streatham and Croydon North

Speaking in the House of Commons on 3 June 2025

Debate

Thames Water

Contribution

We are working towards resetting the entire regulatory framework, as the hon. Gentleman may have seen from Sir Jon Cunliffe’s report, published today. He is absolutely right, though: under the previous Government, the regulator was absolutely toothless. That is why one of the first pieces of legislation this Government passed was the Water (Special Measures) Act 2025, which gave the regulator the power it lacked previously to ban the unfair and unjustified multimillion-pound bonuses that so outraged the public as those companies profited from pollution.

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