Richard Tice

Richard Tice

Reform UK — Boston and Skegness

Speaking in the House of Commons on 16 June 2026

Debate

Thames Water

Contribution

Enough is enough. Frankly, the sight of US hedge funds picking over the carcase of Thames Water’s pipe network is revolting—it stinks. The plan includes three quarters of a billion pounds of payments to hedge funds, shareholders, debt holders and bankers. It is completely unacceptable. Thames Water is bust: it is insolvent. Now is the time to put it into special administration. It cannot meet its financial obligations, and it cannot meet its performance obligations. I urge the Secretary of State to get on with it, put Thames Water into a special administration regime, and then buy it out for a pound. That would be a good deal for the taxpayer.

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