L

Lord Macpherson of Earl’s Court (CB)

Speaking in the House of Lords on 17 June 2026

Debate

Thames Water

Contribution

My Lords, I share the Minister’s frustration and welcome the Government’s efforts to grip the issue. Does she agree that, whatever happens to the ownership of Thames Water, substantial investment will be required in water in the south-east? Does she also agree that a degree of realism is necessary about how much money can be recovered from private investors, given how thinly capitalised Thames Water is? Therefore, if consumers are to be protected, it will be the taxpayer who ultimately ends up footing the bill.

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