The Westminster lensArchive · §02 Speeches · 1,536 contributions

Speeches by Gardiner.

Every Hansard contribution by Barry Gardiner this parliament, most recent first. Back to the MP page for the headline figures and analysed positions.

Showing 901920 of 1,536 contributions · most-recent first

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DateDebate & contributionWords
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

I am sure you would.

5
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Okay, thank you. What you actually mean by a turnaround regime—you have used that phrase a number of times now—is effectively that you manage to persuade Ofwat not to require the payments of those ODI penalties, is it not? That that is what a turnaround regime looks like for you?

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13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Yes, exactly, and they are fines rather than penalties.

9
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Mr Buck, when I asked you specifically about that earlier you seemed to be unsure whether you had quantified it, but you now say you know it will be even bigger in AMP 8. Have you quantified it, and how much?

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13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

No. She was talking about the board as well, you know that.

12
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

More specifically about you three.

5
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

I am sure Hansard will tell us who is right.

10
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Could I make a mention of my Register of Members’ Financial Interests? Sir Adrian, we have crossed swords before.

19
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Indeed. I do not want to incur the wrath of the Chair, so I have formulated my questions to you in such a way that they do not demand an explanation; they only demand an answer, and usually that answer can be either one word or a very short sentence. So let us see what I can do to oblige.

60
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

That is why I have tried to do it that way, Chair. The £3 billion of debt funding that you arranged is in two tranches of £1.5 billion, is it not?

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13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

The second tranche was conditional on you putting in a challenge to the CMA against Ofwat’s PR24 price control ruling, was it not?

23
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

You do not believe that is right?

7
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

You put your CMA challenge on hold, did you not?

10
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Is it still on hold, or have you abandoned it?

10
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

Did you put it on hold because the CMA challenge could not report back in time to let potential equity investors see the final price control in order to invest or develop their engineering plan of what they are going to spend and how they are going to deliver it?

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13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

So when was PR24 capital investment programme due to start? Was it April 2025?

14
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

So the CMA challenge would only have reported back in October, which would have been a six-month delay. Is that correct?

21
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

So even more than a six-month delay.

7
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

As I said, the CMA challenge would have put the final adjudication and decision on what your investment allowance was back beyond the point at which your future potential equity investors would have wanted to start the programme, would it not?

41
13 May 2025Environment, Food and Rural Affairs Committee — Oral Evidence (HC 588)

It certainly follows if AMP8 was supposed to start in April 2025, and yet you could not get investors in if they did not know how much they were going to be allowed to invest in the company and how much work was going to be agreed to be done with the regulators.

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Sources
SourceHansard · official report
MethodEach row is one contribution (intervention or speech). Word count from the official text.