Martin Wrigley MP: speeches

Speeches

• 14 Sept 2026 · Water Sector: Public Ownership · Hansard source

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  I absolutely agree with the hon. Member for Basingstoke (Luke Murphy). There is only one place where money comes from to make those investments. The water companies cannot borrow more money. Their money does not come from the investors. The investors are sitting there; that is the original £5 billion that was made available to buy the companies in the first place. That money comes only from the customers’ bills or from Government—the customers’ tax. That is why water companies must move into public ownership and more particularly into mutual ownership so that the customers own the company. They would then be investing in their own future, not in somebody else’s profits.

• 14 Sept 2026 · Water Sector: Public Ownership · Hansard source

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  It is a pleasure to serve under your chairship, Mrs Barker. I am delighted to speak to this petition. It is about a really important issue, particularly in my constituency of Newton Abbot where we have Dawlish Warren, which is the place where “Dirty Business”, which showed the tragic death of Heather Preen, was filmed. I met Heather’s mother Julie when she came to this House, which was truly sobering. I have the River Exe and the River Teign in my constituency. Both of them suffer. We are not dealing with water in the right way; I think that is plain to see. Quite how much hon. Members will say anything different in this debate I am not sure, but it is clear that we need to make a change. The experiment of 1989 failed. Heather died only 10 years after that, and we can see that investment was not being made. South West Water proudly says that it invests £13 billion in the system, but it pays out more than half of that in dividends. That is just wrong.