Water Companies: Failure

Lord Fox Excerpts
Tuesday 21st May 2024

(1 month ago)

Lords Chamber
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Lord Douglas-Miller Portrait Lord Douglas-Miller (Con)
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The noble Baroness raises a very serious point, despite all the laughter. One recent example of contaminated water has been extremely challenging, but the water company has responded pretty well. The Defra team went down there, and we have been in constant contact with South West Water. As noble Lords might expect, we have launched an investigation into the cause, and I hope that we will have the answers soon.

Lord Fox Portrait Lord Fox (LD)
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My Lords, the Minister cited a number of figures, but one he did not cite is that, since privatisation, the shareholders of 10 water companies have withdrawn £85 billion that could and should have been invested in the water industry. Whatever happens, can he undertake that those shareholders will not benefit further from the catastrophe happening to our waterways across the country?