I can only repeat what I have already said. It is very simply the case that we are absolutely continuing the regime and approach of the previous Government, but we have done more. We introduced new legislation last year to ensure that we can block executive bonuses, which we have done. We will continue to bear down on water companies and ensure that their executives cannot take unjustified bonuses. We will continue to make sure, through the work and progress of the White Paper, which will be coming shortly for your Lordships’ consideration. We hope there will be legislation next year, although I cannot say what will be in a future King’s Speech. We will make sure that the water companies live up to their obligations to customers and, indeed, the taxpayer.
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Baroness Jones of Moulsecoomb 