M

Member

Speaking in the House of Lords on 20 November 2024

Debate

Water (Special Measures) Bill [HL]

Contribution

No one on the Ofwat board seems to have questioned this, or the impact of these imaginary and fictitious calculations on the welfare of customers—which includes businesses. I have met executives from steel and shipping companies who said there were two things pushing up their costs: the first is the cost of energy and the second is the cost of water. That is driving businesses out of existence, yet we do not seem to be looking at how these numbers are arrived at.

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