Water Companies

Adrian Ramsay Excerpts

Monday 8th June 2026 Commons Chamber

[Emma Hardy]

I thank my hon. Friend for the passion with which she speaks about this issue. I reiterate that my focus has always been on the quickest and most effective way I can deal with some of the problems in front of me. There are questions over how much nationalisation would cost—we have heard them before—and we know that the water companies have £82.7 billion of outstanding debt.

It is always difficult—again, this probably goes beyond my role and into that of the Treasury—to decide on priorities about what we spend money on, but that is not for one moment to give the impression that I am happy with the status quo or that I think the current situation is good, because I simply do not. It is about how we make the most effective change in the quickest way, which is why having set out in the White Paper a transparent process to look at not-for-profit mutuals and other different models is so important.

[Adrian Ramsay (Waveney Valley) (Green)]

The suppressed report from DEFRA civil servants on critical systems beyond 2030 concludes with high confidence that without “transformational change” Britain’s water and food systems face a realistic risk of “catastrophic failure”. The report highlights that significant parts of the UK already face water scarcity, while high levels of industry debt and woefully inadequate infrastructure investment have undermined system resilience. Can the Minister assure the House that the water Bill will require companies to build long-term climate resilience into reservoir supply networks and waste water systems, so that communities are protected from the climate and water security challenges expected in the coming years and decades?

[Emma Hardy]

The hon. Gentleman raises a really important point, and the short answer is yes. We need clear resilience standards and asset standards, because we do not have them, but, importantly, as he pointed out, those standards need to be fit for the future and not just for today. When we look at what the standards should be, we should think about what will happen to the climate in years to come in terms of overheating and flooding. The hon. Gentleman is quite right: work on that is going on, and he raised an important point.