I appreciate the opportunity to speak in this debate. I join others in congratulating my hon. Friend the Member for Gower (Tonia Antoniazzi) on opening the debate. I want to underline in particular the figure that she used: 39 million tonnes of raw sewage was dumped in the River Thames in 2019. As someone who loves walking by the Thames, occasionally swimming in it, and certainly canoeing on it, that figure gives even me pause for thought.
The contributions from my hon. Friends the Members for Salford and Eccles (Rebecca Long Bailey), for Weaver Vale (Mike Amesbury), for Dulwich and West Norwood (Helen Hayes) and for Bristol East (Kerry McCarthy) were very powerful in their critique of the ownership of water companies. Since privatisation, there has been a 40% real-terms hike in bills, almost £60 billion in payments to shareholders, and more than £50 billion in debt loaded on to water companies to make those payments to shareholders.
One of the problems with the argument made by the right hon. Members for Ludlow (Philip Dunne) and for North Thanet (Sir Roger Gale), and by the hon. Member for Keighley (Robbie Moore), is that it glosses over the issue of ownership and, in particular, the fact that annual investment in water supply infrastructure was lower in 2018 than in 1990. That rather suggests that there has been, for some time, a serious question mark about whether our privatisation is delivering.