(4 days ago)
Commons ChamberThe hon. Lady is right to point out the record fine that was handed out for not having drinking water at an adequate standard, and I pay tribute to the Drinking Water Inspectorate and the work it has done—it does an incredible job of making sure our drinking water quality is among the best in the world. On ownership, the hon. Lady will have heard me say that we are looking at setting out a transparent process in the White Paper for water companies that wish to transition to a different model.
Lee Barron (Corby and East Northamptonshire) (Lab)
I commend the Minister for coming to the House today to outline the various measures that have been taken, but what this says to me is that the model is fundamentally broken. We need a new model, one that puts people before profits, because people should no longer accept that the public always pay the bills and the shareholder always takes the profit. The issue with water is that we have privatised the profit and nationalised the debt. Bearing that in mind, does the Minister agree that the change people want is a Government who take the right and radical approach and bring our water back into public ownership so that it serves the people, and to stop shareholders being paid a dividend for failure on what is a natural monopoly and a basic human right?
My hon. Friend is right to be angry at the service that many customers have faced for years, and at the broken model we have had for a very long time. We need a fundamental reset—we have already made a huge number of changes since coming into government, and we as the Labour party should be proud of all those changes. As I have mentioned, we are looking at a transparent process for whether requests to move to a new model should go ahead, but that is for models such as not-for-profit.