The hon. Member raises an important point about independence. As was covered briefly earlier, that consultation will be a very important part of this process.
Lib Dem amendments have recently been tabled in the other place to empower the regulator to revoke water company licences in the face of repeated failures and, crucially, to make it a criminal offence for water companies to fail to implement pollution reduction plans, holding senior managers personally and criminally liable. In the last Parliament, my Liberal Democrat colleagues in this place also tabled an amendment to the Victims and Prisoners Bill that would have created a sewage illness victim compensation scheme. Under that scheme, where medical evidence is provided to support a claim, proper compensation would be payable by water companies to their victims, such as three-year-old Finley and his family. I take this opportunity to plead with the Minister, on behalf of all my constituents, to seriously consider these measures so that water companies are finally held accountable, with no more excuses and no more delays.
Picking up on a point made by my hon. Friend the Member for Honiton and Sidmouth (Richard Foord) earlier, EDMs—not electronic dance music or early-day motions, but event duration monitors—that are fitted to storm overflow tanks only measure the number and duration of spills, not the volume. There have also been reports of faults with those EDMs, which could represent a serious under-reporting of sewage spills, significantly skewing the data. That could mean that the situation is far worse than we thought. Whatever enforcement approach is taken by the Government against water companies, the accuracy of the data will be crucial, so I ask the Minister to please consider the accuracy of the current monitoring system.
When I took my seat in this place, I promised my constituents that I would always speak truth to power. In a previous career, I advised businesses and their leaders. If I could offer some advice here and now to the chief executive of South West Water, I would say, “Please do the decent thing and go now.” In what other universe could a chief executive preside over such a record of abject failure? With Ms Davy having been the chief finance officer since 2015 and then the chief executive since 2020, almost 10 years of failed leadership have brought us to this diabolical situation. How on earth can anyone now have confidence that South West Water will miraculously turn things around in the next five years?