Environment and Food
Water Companies
“I thank the Minister both for her response and for putting up with me—I am a bit of a broken record on this issue. We are all well aware that water is essential to life itself—to food, industry, nature, housing, energy, and now even the data centres powering the supposed AI revolution—and yet we have handed a monopoly where no competition is possible to companies, many owned overseas, whose overriding priority is profit. The result is systemic failure, with not one major reservoir built and the old ones sold off. That is why we were back in the Chamber last week over South East Water and the drought outages, just weeks into the summer. Raw sewage has poured into our rivers and seas—3.5 million hours of it in 2024 alone—fouling beaches where children swim. It is why eight-year-old Heather Preen died after contracting E. coli from raw sewage, and why thousands of our constituents are made sick every year. When public anger saw the Government ban bonuses, water execs raised their salaries and rebranded the payouts “retention payments” and that comes on top of the £78 billion to shareholders and £60 billion borrowed, our bills up 40%, and 30p in every pound we pay servicing water companies’ debts instead of fixing pipes. This was never a market failure. Instead, it is the market working as designed—profits out, sewage in, cost of living up and security of supply decimated. Surely the Minister understands that we can no more regulate privatised water companies than regulate the tide. How many more failures, inquiries and deaths before the Government accept that these problems are systemic and give the public the option of taking their water back?”
