Speech in Westminster Hall - Tue 16 Dec 2014 Kew Gardens
"As a London MP, I wish to make it clear that Kew is not just a museum piece or a phenomenally important research institution, but a wonderful part of London. It is used by many of my constituents as a place for general recreation and leisure. It is very much …..." Mark Field - View Speech
"I am one of 144 Members of Parliament in the Thames Water area directly affected by the issue of the Thames tunnel, and I hope that both the Minister and the hon. Member for Luton South (Gavin Shuker) will forgive me if I restrict my comments to the area that …..." Mark Field - View Speech
"I accept that there would be an impact, but the use of the word “effluent” in relation to the 39 million cubic metres gives the public and many Members of this House a somewhat misleading impression of the sheer urgency of the need to undertake the project at this time.
"I accept the hon. Gentleman’s point, but there is the issue of the sheer cost of the proposal, and whether we need to go for what is seen as being the only game in town, and take up the Thames Water proposal that we spend £4.1 billion—already a significant increase …..." Mark Field - View Speech
"I appreciate that the right hon. Gentleman’s debate is not entirely abstract, but on amendment 5 how would the Government be able to judge financial assistance on the basis of that debt to equity ratio? Presumably, assistance will come in different tranches, so any group company’s activity might at various …..." Mark Field - View Speech
"The right hon. Gentleman will be aware that Thames Water is looking to secure a large-scale investment from a Chinese sovereign wealth fund. Is he concerned that such an investment—this is a specific case, but it could apply generally to anyone who was getting such financial assistance—would help to distort, …..." Mark Field - View Speech
"There is plenty of water around the Cayman Islands, but that may not be entirely what Thames Water had in mind. I thank the right hon. Gentleman for making clear his concerns. I hope that he and I will both speak on Monday in the debate on the Government’s waste …..." Mark Field - View Speech
"It is important that we do not just see this as a problem with Thames Water. This is a fundamental issue about the financial structuring of a range of companies, many of which are getting ongoing financial assistance from PFI schemes, which often have years or decades to run. The …..." Mark Field - View Speech
"While the right hon. Gentleman is going through the financial figures, it would be useful to know what the level of reserves was during those years. Were they building up, or had Thames Water, in its own mind, already built up a war chest for the works that it is …..." Mark Field - View Speech
"An issue not specific to this debate is ongoing financial assistance from the public purse for many years to come, often through an artificially created special purpose vehicle rather than a more straightforward process. Such vehicles, as the right hon. Gentleman rightly points out, are often driven by maximising profits, …..." Mark Field - View Speech