L

Lord Cromwell (CB)

Speaking in the House of Lords on 23 July 2024

Debate

Water Companies: Financial Resilience

Contribution

The Ofwat website refers to an £88 billion programme of investment that will go into the infrastructure, and describes this as “initially … funded by shareholders or through borrowing, with these costs then recovered” from consumers over five years “and beyond”. Does the Minister have any concern as to whether that money will actually be raised, and does she share my concern about the financial resilience of consumers to pay for it over time?

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