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Lord Remnant (Con)

Speaking in the House of Lords on 20 November 2024

Debate

Water (Special Measures) Bill [HL]

Contribution

My Lords, the hour is late, so I will be brief. I thank everybody who has participated in our discussion of this group of amendments, and in particular my noble friend Lord Roborough for his support. There is clearly a lot of interest in the special administration regime and the costs arising from it, particularly in the allocation of those costs, and I compliment the noble Baroness, Lady Jones of Moulsecoomb, and the noble Lord, Lord Sikka, who have spoken with their normal passion and dogged determination on these issues. I thank the Minister for her patience and considered response on all these issues. I do not necessarily agree with all the points she has made, particularly on the cost of capital. I am not sure that it would be raised more in instances that she is referring to, rather than the industry having this spectre of having costs allocated to the compliant companies in respect of losses incurred elsewhere. But I thank her anyhow. I am sorry that she has not been able to accept my amendment, but I beg leave to withdraw it.

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