Adrian Ramsay

It is a pleasure to serve under your chairship, Mrs Barker. After successive years of failure, we need a water sector that serves people, not profit. We in the Green party have long made a cast-iron pledge to support bringing water back into public ownership. During its passage, I attempted to expand the powers of the Water (Special Measures) Act 2025 to enable environmental failures—not just insolvency—to trigger Government intervention, and I backed a cross-party amendment on mutual ownership. The Government rejected both, and public ownership itself was denied any place in the legislation by the Minister. Over the last three and a half decades, we have seen companies ripping off consumers while failing to invest in our crumbling infrastructure. While investors receive billions in dividends, the system needs its biggest ever investment programme. More than £50 billion has been pocketed by shareholders since privatisation, while around £16 billion is needed in the next few years just to fix storm overflows and solve poisonous nitrate pollution. Instead of pouring money into profits and managing failures, we need to build a system that is fit for the future. It is no wonder that this privatisation experiment has failed: water is a public resource and a natural monopoly. Fantastical figures are used to scare people off the pursuit of public ownership as a solution. The figure of £90 billion was first cooked up in a Social Market Foundation report paid for by—oh!—four prominent members of the water sector. The Government could leave the debt with the debt holders and look at alternative models, such as Common Wealth’s economic assessment reflecting years of neglected infrastructure, companies struggling with insolvency, and debt leveraging for commercial survival. While costs would be incurred in facilitating the transfer, an honest valuation would put public ownership within reach. As we see company debt and statutory fines loaded on to bills, record sewage spills and billions in dividend payouts, I implore the Government to set out a timetable to restore our water to public ownership and end Thatcher’s failed 37-year privatisation experiment.