Independent Water Commission
Debate between Steve Reed and John Grady(4 days, 3 hours ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Steve Reed
I share my hon. Friend’s concerns, as does the Water Minister, my hon. Friend the Member for Kingston upon Hull West and Haltemprice (Emma Hardy). We would be happy to make sure he gets his meeting.
John Grady (Glasgow East) (Lab)
I welcome the independent water commission’s report—it is a serious piece of work. The water companies were privatised with no debt, yet following years of dividends, excessive debt and opaque financial structures, the financial stability of the water sector is a cause of very serious concern. Recommendations 56 to 59 engage substantially with that topic, as do other recommendations. Will the Secretary of State commit to carefully reviewing whether the implementation of many of the recommendations dealing with financial stability can be accelerated ahead of legislation, to protect both resilience and bill payers?
Steve Reed
Yes, we are looking at what recommendations we can bring forward early; others will be part of the consultation.