Clive Lewis

Clive Lewis

Labour — Norwich South

Speaking in the House of Commons on 28 March 2025

Debate

Water Bill

Contribution

I thank the hon. and learned Member for his contribution to the debate. Private water companies have invested less than nothing of their private equity in our water system since privatisation—in fact, we have £60 billion-worth of debt. I reiterate that taxpayers’ and bill payers’ money has gone into the investments in the water system. The private sector has paid less than nothing, so how we can say that a privatised water system—a natural monopoly, for which there is no perfect competition, or no competition at all—is generating innovation or investment? I fail to see that.

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