Tim Farron

Let me say, without going through all the flowery stuff that we did earlier, that I am grateful to Members in all parts of the House for what has been a broadly collegiate debate. However, the shadow Secretary of State said something that is worth reflecting on. I think she was talking about what I am about to mention, namely the fines of £164 million that Ofwat had indeed proposed should be levied against the very three water companies to which she referred. For what it is worth—and I am not here to defend the Treasury—this was not a Treasury decision at all. It was because of Ofwat’s weakness, and a culture of timidity that is evident when it comes to gathering money from the water companies, that the money was not collected. That information is 100% correct, because it was given to me in response to one of my Freedom of Information Act requests. In any event, the key feature is my disappointment in the Bill. I will certainly support it should it come to a vote, and I support it anyway, but its weakness lies in the fact that it is not radical enough. It does not go far enough, and it does not tackle the weakness in regulation to which, in a roundabout, accidental way, the Secretary of State has referred . We will engage with the Cunliffe water review and recognise it as independent. My reflection is simply this. The Labour party has been in opposition for a long time. They were a well-funded Opposition through short money—we could only dream of such things—and surely had the capability to come up with a set of plans that meant they could get on with it straightaway, rather than kicking it to halfway into the Parliament. This is an unambitious Bill, but it is good enough, and it will have our support. Question put and agreed to. Bill accordingly read the Third time and passed, with amendments.