Martin Wrigley

Martin Wrigley

Liberal Democrat — Newton Abbot

Speaking in the House of Commons on 14 September 2026

Debate

Water Sector: Public Ownership

Contribution

I absolutely agree with the hon. Member for Basingstoke (Luke Murphy). There is only one place where money comes from to make those investments. The water companies cannot borrow more money. Their money does not come from the investors. The investors are sitting there; that is the original £5 billion that was made available to buy the companies in the first place. That money comes only from the customers’ bills or from Government—the customers’ tax. That is why water companies must move into public ownership and more particularly into mutual ownership so that the customers own the company. They would then be investing in their own future, not in somebody else’s profits.

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