B

Baroness Hayman of Ullock (Lab)

Speaking in the House of Lords on 23 July 2024

Debate

Water Companies: Financial Resilience

Contribution

I thank my noble friend for his very warm welcome. However, the Government have no plans to nationalise Thames Water. It would cost billions of pounds and take years to unpick the current ownership model, during which time underinvestment in infrastructure and sewage pollution would only get worse. We want to improve the situation in the water industry that we find ourselves in as quickly as possible.

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