B

Baroness Hayman of Ullock (Lab)

Speaking in the House of Lords on 15 September 2026

Debate

UK Water Companies: Chinese Financial Influence

Contribution

The noble Lord hits the nail on the head regarding regulation. We know that it is not who owns the water company—whether it is nationalised or private—that decides how effective and efficient it is, and how well it works. It is how it is actually run and the financial nous that underpins it that does not allow it to get into debt and use leverage systems in a way that is not sustainable. That is what has caused so many problems. I completely agree with the noble Lord.

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