L

Lord Bellingham (Con)

Speaking in the House of Lords on 17 June 2026

Debate

Thames Water

Contribution

My Lords, surely if a company is highly profitable, no capitalist—or even trade unionist, for that matter—can object to shareholders receiving dividends or directors receiving bonuses. It is called sharing in the proceeds of success. But if a company is heavily indebted, surely it is completely unethical for it to borrow money to pay those dividends and bonuses. Is there not an argument for calling to account those former Thames Water CEOs who allowed this to happen?

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