B

Baroness Hayman of Ullock (Lab)

Speaking in the House of Lords on 17 June 2026

Debate

Thames Water

Contribution

The detail of the regulator will be in the new Bill. The noble Lord has mentioned this to me a number of times. That companies have been allowed to generate debt to use the money has been a cause of many of the difficulties that we see today. The way that water companies have been able to increase the debt is not acceptable. That is one of the key things that we want to work on. If there was not as much debt, we would not have so many problems. That is one of the reasons why water companies are failing on all sides—whether investment or customer support.

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