Water Companies: Licence Conditions - Question

Part of the debate – in the House of Lords am 3:18 pm ar 1 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Douglas-Miller Lord Douglas-Miller The Parliamentary Under-Secretary of State for Environment, Food and Rural Affairs 3:18, 1 Mai 2024

The noble Lord perhaps needs to refresh his memory on exactly what a private company is and how that works. When you make an investment into a public company, like a water company, you expect to get some return on that investment, and it is only right and proper that everybody does. We are talking about pension funds as well as individuals.