B

Baroness Blower (Lab)

Speaking in the House of Lords on 23 July 2024

Debate

Water Companies: Financial Resilience

Contribution

My Lords, speaking as a Thames Water customer who is not very confident or happy, I was pleased to hear that I might at least have drinking water going forward. All water companies are using financial engineering to overstate their investment and capacity to pay dividends. They all capitalise part of their interest payments, which is, frankly, a highly imprudent policy and was a major reason for the collapse of Carillion. Are the Government content with that?

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