B

Baroness Hayman of Ullock (Lab)

Speaking in the House of Lords on 17 June 2026

Debate

Thames Water

Contribution

The noble Lord is correct that how debt was leveraged was unsustainable. It has led us to a situation where companies—not just Thames Water—are saddled with a ridiculous amount of debt that the regulator should have had more of a grip on. I am happy to discuss further the noble Lord’s thoughts on this. We have had discussions before. When we come to the next water Bill, making sure that we get the regulator correct will be crucial.

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