L

Lord Roborough (Con)

Speaking in the House of Lords on 9 January 2025

Debate

Water Bills

Contribution

My Lords, higher government borrowing costs are being imposed by markets questioning the Government’s Budget assumptions, as I discussed in this Chamber on 19 December. Higher financing costs are likely to be passed on to UK domestic companies, including in the water industry. Does the Minister agree that this makes SAOs more likely? Having rejected our amendments to protect consumers from increased charges in that event in the Water (Special Measures) Bill, is the Minister willing to commit that extra charges will not be levied on consumers in SAOs?

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