L

Lord Cromwell (CB)

Speaking in the House of Lords on 12 January 2026

Debate

Independent Water Commission

Contribution

My Lords, this is a useful and substantive report that I welcome—in particular, its suggestion to merge the regulators into one super-regulator, which we certainly need. The underlying problem, which it identifies, is the need for long-term investment. I was surprised, therefore, that there is very little reference to the regulator needing skills in the financial engineering which has bedevilled the way that water companies have been run in the past. There is one reference, on page 197, to needing financial skills, but that is about it, I think. Does that give the Minister cause for concern?

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