It is pleasure to serve under your chairmanship, Ms Elliott. I congratulate my hon. Friend the Member for Bexhill and Battle (Huw Merriman).
I have 90 seconds to make three points. First, water is not like other products; it is the single most critical resource for any society. Without it, human civilisation,
even existence, is impossible. I make that point because there is a special duty on water companies to act in the public interest, and I am afraid that too often they have deliberately shielded themselves from scrutiny or used complex structures to avoid paying taxes. They have appeared more interested in financial engineering than in the civil engineering that is required.
Secondly, combined sewage overflows are not new or unique, as has powerfully been pointed out. The reality is that there are more per capita in Ireland, Germany, the Netherlands and Denmark. However, times have changed, and expectations have rightly changed, too. Progress is required, and it is required now.
Thirdly, the River Chelt, in my constituency, matters very much. I grew up near its source; it flows through my back garden, as it happens. I am pleased that Severn Trent Water have said to me—have given, in their words, a cast-iron assurance—that they will reduce overflows into the River Chelt by 85% by the end of 2024. That is welcome—it is essential—but if it does not deliver, I am afraid that my constituents, and constituents around the country, will take the view that the water companies are the unacceptable face of capitalism.
2.54 pm