L

Lord Katz (Lab)

Speaking in the House of Lords on 29 October 2025

Debate

Water Companies: Private Ownership

Contribution

I thank my noble friend for that question. I will have to write to her about whether that fine has been paid. We have been very clear through the Water (Special Measures) Act and our response to the Cunliffe review that we are absolutely going to bear down on water company executives who take unjustified profits. We have already done that. We have already fined a number of organisations and cumulatively more than £240 million in wastewater enforcement fines and redress has been confirmed by Ofwat in 2025. We are serious about tackling the state of the water sector and very clear that water companies here are meant to secure investment and keep bills down, not take profits.

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