Dame Angela Eagle

Dame Angela Eagle

Labour — Wallasey

Speaking in the House of Commons on 6 January 2026

Debate

Future of Thames Water

Contribution

I can confirm that, and it was one of the first things that this Labour Government, when we were incoming, put on to the statute book as a priority, in order to prevent that particular abuse. Thames Water is now under a cash lock-up arrangement; only Ofwat can approve any further dividend payments. That restriction will remain in place until credit ratings improve. Nothing that is happening at the moment will allow the kind of behaviour that we have seen in the past, from this company and others, to continue.

More from Dame Angela Eagle

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Dame Angela Eagle's full parliamentary record including voting history, expenses and all other contributions, see the Dame Angela Eagle report card.