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Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"That is exactly the point. I should have gone on for another paragraph before I let my hon. Friend intervene. I shall finish the figures on the toll and then address the point he makes.

In 2006, Macquarie Infrastructure Group, the owners of the M6 toll, cashed in £392 million …..."

Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"I do not want to prolong this unnecessarily, but would like to say clearly that my presumption has always been that something needed to be done. I started from the view that the Thames tunnel was the right solution. However, I want to be sure—not just for myself, but for …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"I am grateful to colleagues who have contributed, from both upstream and downstream. Both banks of the Thames have been represented, which is a good thing. I should probably have started by declaring two interests. I chair the Mayor of London’s Thames festival, which has a regular interest in ensuring …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"Thank you, Ms Primarolo, and of course I will.

I understand that the Minister realises what the issues are. I heard what the Minister said, and I tell my hon. Friend the Member for Hendon (Mr Offord) that the equator principles are now well-established principles for finance companies that are …..."

Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"On that important point, I know from my experience of the Jubilee line extension and other major projects that often the issue is not whether a deal is done that in theory ensures jobs, apprenticeships and training for local residents, but whether such a deal is then monitored and delivered. …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 14 Mar 2012
Water Industry (Financial Assistance) Bill

"Briefly, I too welcome our constructive debate over the past few weeks and the Minister’s helpful response. I have two things to say.

First, I want to flag up the important point, made by a Labour Front Bencher but supported by Members across the House, that as we do big …..."

Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Tue 06 Mar 2012
Water Industry (Financial Assistance) Bill

"On the broader, rather than the narrow, point, may I say that those of us with London seats do not try to make the case that our bills are as high as those for people in the south-west and have always argued for a better deal for them? Any argument …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Tue 06 Mar 2012
Water Industry (Financial Assistance) Bill

"Will the Minister allow me?..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 29 Feb 2012
Water Industry (Financial Assistance) Bill

"I do not oppose the Bill at all, but may I just alert my right hon. Friend to something? Leaving aside the arguments about whether there should be a full tunnel or another solution, which I hope to address if I am called to speak, there are concerns about the …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill

Speech in Commons Chamber - Wed 29 Feb 2012
Water Industry (Financial Assistance) Bill

"I do not mean to pre-empt what the hon. Lady might say on the other aspects of bills for water rate payers, but are she and her colleagues concerned—I put this point to the Secretary of State—that the value to water rate payers in London of the Thames tunnel, which …..."
Simon Hughes - View Speech

View all Simon Hughes (LD - Bermondsey and Old Southwark) contributions to the debate on: Water Industry (Financial Assistance) Bill