Dr Roz Savage

It is a pleasure to serve under your chairship, Mrs Harris. I thank my hon. Friend the Member for Oxford West and Abingdon (Layla Moran) for securing this very important debate. Hindsight is a wonderful thing, and perhaps we can now see clearly that privatising water companies in a monopoly situation, with a toothless watchdog, was never going to be a good idea. Unfortunately, we do not have a time machine, but we can still put this right. For a long time now, the Lib Dems have been calling for Thames Water to be put into special administration and restructured as a public benefit company. Through my mailbag and the flood summit I hosted last year, I have heard so many stories of sewage on farmland, in gardens, in people’s houses and on playgrounds. I do not want to go into specifics, because those homes and businesses have had their value and their business base affected by the awful pollution from Thames Water. It is adding insult to injury that many of those customers are now being asked to pay more and more, mostly to service Thames Water’s debt. One of my constituents remarked: “We are being treated as cash cows”. It is just not fair. A Lib Dem freedom of information request found that Ofwat has failed to force water companies to pay any fines for sewage discharge cases since 2021. Meanwhile, water company bosses earned a collective total of over £20 million in the financial year to 2024. Some people might think MPs get paid too much, but the chief executive officer of Thames Water gets paid 10 times as much as we do as a base salary, with a bonus on top of that. That really is an insult to Thames Water’s customers. Let us put Thames Water out of its misery and end the misery for its many customers. I beseech the Minister: please, take action on this. The best time to have seen what is going on would have been 40 years ago, but the second best time is now. We need urgent action.