Answer from Hansard

The Secretary of State for Environment, Food and Rural Affairs (Steve Reed)

I share customers’ anger about the water bill rises announced by Ofwat this morning. Customers have been left to pay the price of Conservative failure after the previous Government let companies spend millions of pounds on bonuses and shareholder payouts instead of investing in our crumbling sewerage infrastructure—if you find cracks in your house and do nothing about it for over a decade, the problem gets worse and the cost of fixing it escalates, and that is exactly what has happened to our sewerage system. We have introduced the Water (Special Measures) Bill to curb unjustified bonuses. Money earmarked for investment will be ringfenced so that it can be spent only on infrastructure, rather than bonuses and shareholder payouts, as happened under the Conservatives. I have appointed Sir Jon Cunliffe to lead a commission into the regulation of the water industry so that the failures that led to today’s bill rises can never happen again. This Government will end the Tory sewage scandal once and for all.