Thames Water: Financial Viability

11. What discussions he has had with Thames Water on its financial viability.

I am of course having conversations. I can reassure the hon. Gentleman that the company remains stable, and that the Government are closely monitoring the situation.

Data published this week in The Guardian revealed that 50% more raw sewage was discharged by Thames Water last year than in the previous 12 months. Thames Water is racking up billions of pounds of expensive extraordinary debt, while continuing to pump tonnes of sewage into our rivers. Despite bold targets and kind words, there is simply no action on cleaning up our rivers. What will the Government do to improve Thames Water’s performance?

The Government are taking steps to improve the performance of all water companies, including through the Water (Special Measures) Act 2025, which I spoke about earlier. Sir Jon Cunliffe is leading a review of the entire sector, so that we can reform regulation and, if need be, the regulator, to ensure that they are fit for purpose.