Thames Water

Lord Roborough Excerpts

Wednesday 4th June 2025 Lords Chamber

[Lord Roborough (Con)]

My Lords, these Benches attempted to amend the Water (Special Measures) Act to protect consumers from bearing any costs associated with a special administration regime, but this was rejected by this Government. Will the Minister commit today that consumers will not be made to pay any SAR-related costs, and that under no circumstances will the Government take responsibility for repaying the rumoured £20 billion of Thames Water debt? I should also declare an interest that one of my daughters works at a firm named in the press as a bondholder.

[The Parliamentary Under-Secretary of State, Department for Environment, Food and Rural Affairs (Baroness Hayman of Ullock) (Lab)]

My Lords, the Government do not have any intention for consumers to pay towards this. We do not see that consumer bills need to go up to cover these debts. It is not for consumers to pay for the mistakes and poor behaviour of the water companies. In response to the second question, within the regime, we will look at it in detail, but it is, again, not our intention for the water companies to basically get away with it.