Barry Gardiner

Barry Gardiner

Labour — Brent West

Speaking in the House of Commons on 11 February 2025

Debate

Water (Special Measures) Bill [Lords]

Contribution

Ofwat has said that it believes that the right level of debt should be 60%, yet it has taken no action against those companies whose level of debt has risen to as much as 80%. Can the Minister assure us that under the Bill, Ofwat will not only have the power to act when companies’ debt levels are too high, but will use it?

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