B

Baroness Blower (Lab)

Speaking in the House of Lords on 29 January 2025

Debate

Thames, Yorkshire and Northumbrian Water: Ofwat Proposed Fines

Contribution

My Lords, during the passage of the Water (Special Measures) Bill, the Secretary of State said that the Government will ban bonuses if company executives fail to meet high standards. Good. Last week, Thames Water said that it will circumvent any such ban by increasing basic executive pay. Speaking as a Thames Water customer, I ask my noble friend: what is the Government’s response to that, and how do we imagine the ban can be enforced?

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