L

Lord Sikka (Lab)

Speaking in the House of Lords on 29 October 2025

Debate

Water Companies: Private Ownership

Contribution

As the Minister is struggling to provide information about the social cost of leaving water in private hands, I shall help him a little bit. Analysis suggests that, between 2025 and 2050, customers of privatised water companies will pay over £1 trillion, expressed in 2025 prices. It will probably be higher as companies raise capital from customers while shareholders take returns. People will not own a blade of grass in return. If the Minister disagrees with this alternative analysis, I ask him to please commit to publishing the Government’s data.

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