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Lord Woodley (Lab)

Speaking in the House of Lords on 29 January 2025

Debate

Thames, Yorkshire and Northumbrian Water: Ofwat Proposed Fines

Contribution

In December 2024, Ofwat announced that it would fine Thames Water £18 million for paying unjustified dividends of nearly £38 million; that has now risen to £158 million, according to Ofwat. Can the Minister explain whether the penalty is being enforced and how much of the fine has actually been paid? Does she agree that this is indeed the unacceptable face of capitalism?

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