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Lord Liddle (Lab)

Speaking in the House of Lords on 26 January 2026

Debate

Water White Paper

Contribution

My Lords, I congratulate the Government on producing this White Paper and on putting into effect the excellent work that Sir Jon Cunliffe did in his review. The water industry has been an example of the worst of the capitalist system—not value creation but value extraction in a major way. Obviously, a major concern of any Government is keeping down the cost of living. My fear is that we will create a situation where the Government and the regulator are under pressure from the companies to allow environmental standards to be further weakened to make the finances add up and to save them from bankruptcy. Can my noble friend assure me that we will not tolerate any of that nonsense?

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