Charlie Maynard

Charlie Maynard

Liberal Democrat — Witney

Speaking in the House of Commons on 21 January 2026

Debate

Water White Paper

Contribution

I welcome the White Paper and thank the Secretary of State and her team for their work. I am keen to understand how it will work in practice. As the Secretary of State will know, Thames Water’s largest equity shareholder wrote down its shareholding to zero in May 2024, so the equity is widely regarded as worthless. That leaves the debt, three quarters of which is held by the London & Valley consortium, the class A creditor. Does she agree that, given that the equity is worthless, leaving only the debt, the consortium obviously has material influence over the company?

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