Speeches by Reynolds.

“I am sorry, but I cannot get into the specifics of Thames Water at what is quite a sensitive moment. What I can say is that it is financially stable, but the Government are prepared for all eventualities, including a special administration regime if one were needed, but I cannot go into the detail of what is happening.”

“I thank my hon. Friend for her interest, and indeed for her submission to the Independent Water Commission. On the financial management of our water companies, we have set out in the White Paper that the new regulator will have the power to step in to ensure that unmanageable levels of debt are not taken on by water co…”

“I could not agree more with my hon. Friend. We must look at the pre-pipe solutions that she talks about, and the water White Paper emphasises the need to ensure that we reduce the volume of rainwater and pollutants entering the sewerage system in the first place.”

“I thank the hon. Member for the kind words with which he started his question. Within days of taking office, my predecessor ringfenced the money that should be invested in maintaining the water infrastructure he talks about. If it is not spent on that, it will go back to customers. We took that action as soon as we got…”

“Before we legislate for the new regulator, we are encouraging and working with Ofwat to see what can be done to move to a more supervisory approach—similar to what we do in financial services, of which my hon. Friend is well aware—so that we can have a much more tailored and targeted approach. Different water companies…”

“I understand the frustration that the hon. Gentleman expresses. Like him, I am really frustrated with the levels of pollution in our waterways, and with some of the poor consumer service we see. I do not think the right answer is to embark on a hugely expensive and legally complicated nationalisation, because it would …”

“I thank my hon. Friend for his question and the opportunity to mention that we will be publishing a transition plan which, as I mentioned in my statement, will set out a road map from where we are now to having the opportunity to legislate. I want to make progress before that Bill is in the House, so that we can start …”

“The hon. Member is right to say that we need to abolish Ofwat—we might have had that idea previously too, by the way. As he knows, at the moment we have four regulators, and sometimes there are duplications or regulatory gaps. That is why the focus of our reforms is on ensuring that we integrate the environmental regul…”

“As I said previously, I do not have a problem with mutual ownership—I think it is a good thing—but the question the Liberal Democrats have to answer is how they will get there. Finally, may I say a big thank you to my officials? The water White Paper was a very heavy lift, and there is more detail to come in the transi…”

“As I have said, the environmental improvement plan that we published before Christmas sets out a comprehensive plan to tackle agricultural pollution. We are building on that in the White Paper, and we will consult on options to reform how sludge use in agriculture is regulated—that is one measure in the White Paper. We…”

“The Water Minister chairs a water delivery taskforce, and she is getting a grip on the investment in water assets and infrastructure that water companies have promised. That will ensure that there are fewer leaks and that there is less pressure on the system. We believe there is a way to ensure that we boost water capa…”

“I am always very happy to visit my hon. Friend. I know that the Nature Minister, my hon. Friend the Member for Coventry East (Mary Creagh), visited last year. My hon. Friend the Member for Exeter (Steve Race) is absolutely right that we have to strengthen the system. We will strengthen the regional planning system and …”

“I agree with my hon. Friend. That is why the main focus of our reforms is to create a single, more powerful and integrated regulator. At the moment, as I said in my statement, we have duplication as well as gaps. We have consumers who are not being served well, so we need a regulator that gets a grip on the investment …”

“This Government care deeply about mutuals. We have pledged overall to double the number of mutuals. I do not have a problem with mutual ownership. The problem I have is that the Liberal Democrats have not got a plan together.”

“Oh my gosh! Well, I say to the right hon. Lady that I will not take any lectures from the Conservative party. Not only can they not be bothered to turn up for the statement, which shows an absolute disregard for the concerns of the public about the levels of pollution in our waterways—[Interruption.] I will answer her …”

“As I said, we have already blocked 10 company bosses from taking £4 million-worth of bonuses. I am urging them to respect both the spirit and the letter of the law, and Ofwat is considering further action to hold these companies to account.”

“With permission, Madam Deputy Speaker, I would like to make a statement on the publication of the Government’s water White Paper, “A New Vision for Water”. The paper sets out once-in-a-generation reforms, putting consumers and the environment first and building a water system fit for the future. For too long, the last …”

“I am being kept regularly updated on the issue in Holland Park that my hon. Friend has raised. I understand that 2,000 households are off supply. That is unacceptable, and the regulator, DEFRA and I are working closely with the water company to ensure that we get on top of the issue.”

“I thank the right hon. Gentleman for his question. We did debate this issue on the radio together. The reason we are making these changes is that the top 7% of estates account for 40% of inheritance tax reliefs—that is £219 million for the top 37 landowners—and we think that is unfair.”

“That is raised with me in my constituency too. It is a tricky issue, however, because there are lots of people across the country who, at different religious festivals and obviously on Guy Fawkes day, enjoy fireworks. It is about getting the balance right.”