Water Industry: Financial Resilience Debate
Full Debate: Read Full DebateDepartment: Department for Environment, Food and Rural Affairs
Munira Wilson
Main Page: Munira Wilson (Liberal Democrat - Twickenham)Department Debates - View all Munira Wilson's debates with the Department for Environment, Food and Rural Affairs
Water Industry: Financial Resilience
Munira Wilson Excerpts(10 months, 2 weeks ago)
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Rebecca Pow
I thank my hon. Friend for that. He is right that customers come first, and Thames Water customers will be assured their water supplies and wastewater services. I am happy to meet him to discuss that.
Munira Wilson (Twickenham) (LD)
Residents in Twickenham, Teddington and the Hamptons will be extremely worried to hear that Thames Water is on the brink of collapse, but they are also fed up to the back teeth with this company. Not only does it pump sewage into our precious River Thames, but recently we have seen sewage flooding our streets at times of flooding from rainfall, and there are now plans to pump treated sewage into the Thames at times of drought. That is indicative of the company’s underinvestment in fixing leaks and being stripped to the bare bones while lining executives’ pockets. All the while, the Government have been missing in action and the regulator has failed. Will the Minister back the Liberal Democrats’ proposals to reform water companies into public good companies, transforming their boards and priorities in the interests of the environment and consumers?
Rebecca Pow
I will highlight the Thames super-sewer—it will be ready to open in the not-too-distant future—which is a tremendous project for the people of London, including many of her constituents. We have a privatised system, whose financial resilience, as I have reported, has increased rather than decreased in the last year. These companies attract money from investors so that we can get what we need. The Government have costed plans. The Liberal Democrats have no costed plans for what they suggest they might do with the water companies, nor plans for where the money will come from.