Member

However, I want to be clear that the Government accept that there is still more to do. That is why consideration of the entire financial resilience framework will form a central part of the independent commission. We need to look at this thoroughly and in detail before making any legislative changes, to ensure that we get it right. I hope that reassures the noble Lord that Ofwat monitors the financial resilience and structures of companies very tightly, and that we have plans to look further to secure the financial resilience of companies.