M
Member
Speaking in the House of Lords on 5 February 2025
Debate
Water (Special Measures) Bill [HL]Contribution
I have been told that the information the amendment requires is already in the annual reports but, at the same time, that regulatory guidelines mean we cannot include this information. I am sorry, but it cannot be both already included in the reports, albeit almost impossible to find, and not possible to include. That is a direct contradiction. It is also simply not credible that a company cannot make the information more prominently or intelligibly displayed in its reporting, rather than folded away after 100 or so pages. I know that the Minister agrees with me on this, hence her proposal just now. For clarity, I should finally point out that the amendment proposed requires the company to report annually on its financial engineering and debt; it does not specify that this has to be in the annual report.
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