Water Companies: Failure Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Baroness Hayman of Ullock
Main Page: Baroness Hayman of Ullock (Labour - Life peer)Department Debates - View all Baroness Hayman of Ullock's debates with the Department for Environment, Food and Rural Affairs
(3 weeks, 4 days ago)
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Lord Douglas-Miller (Con)
The noble Lord raises a very good point. Undoubtedly, mistakes were made in how water companies reacted over the past 10 or so years, when interest rates were very low. Now that interest rates have risen, so have the costs of the borrowings, which have created a number of difficult financial implications for them. However, we all hope that interest rates are falling.
Baroness Hayman of Ullock (Lab)
My Lords, my noble friend Lord Dubs mentioned contaminated water, and there is now evidence that faeces-contaminated water has been detected in 10 areas of England and Wales. Is the Minister absolutely certain that nobody here today has drunk contaminated water?
Lord Douglas-Miller (Con)
I will just drink this glass of water—bottled water. I assure the noble Baroness that it is very good.