Tim Farron

Tim Farron

Liberal Democrat — Westmorland and Lonsdale

Speaking in the House of Commons on 23 October 2024

Debate

Water Companies: Regulation and Financial Stability

Contribution

I absolutely agree. That reminds us that, of the over 464,000-plus spills that took place in 2023, most were legal and permitted—and most of them should not have been. We juxtapose this failure with the reality of money leaking out of the sector in the form of dividends and bonuses. Since privatisation, £78 billion has been paid out in dividends and, in the last four years, we saw £62 million paid out to company executives in bonuses.

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