Steve Reed

Steve Reed

Labour (Co-op) — Streatham and Croydon North

Speaking in the House of Commons on 23 October 2024

Debate

Independent Water Commission

Contribution

The reason I have ruled out nationalisation is that it would not resolve the problems we face. We saw in the Olympics in France that the River Seine was not able to be used for swimming because of pollution. That is a state-owned water system. We see the problems in Scotland. That is a state-owned water system as well. The problems are those of governance and regulation. Nationalisation would cost towards £100 billion of public money—money that does not exist—and the time it would take to unpick the current models of ownership, during which time investment would be choked off, would see our rivers, lakes and seas filled with even more sewage and pollution, rather than less. I am more interested in the purity of our water than the purity of our ideology. I will do what works best as quickly as possible. The commission will give us guidance on how we should change the system to make sure it works for everybody.

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