Sean Curran reports from Westminster as MPs debate the future of the Thames Water after a rescue deal for the firm fell through.
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0:00.0 | BBC Sounds, music, radio, podcasts. Order. Order. |
0:07.4 | Hello, I'm Sean Curran, and this is today in Parliament from BBC Radio 4 for Tuesday, |
0:12.9 | the 3rd of June, when there were questions about the future of the UK's biggest water company |
0:18.2 | following the collapse of a rescue deal. When will the government stop fiddling, put Thamesworths into special administration, |
0:24.6 | strip out the debt and begin the job of returning our water system, |
0:27.9 | not just TEMS, back into public ownership? |
0:30.6 | The Home Secretary reveals that a task force is to re-examine child grooming allegations. |
0:36.9 | 287 historic cases have been identified for review. |
0:41.7 | And planned to give some prison officers body armour, |
0:45.2 | don't cut the mustard for everyone. |
0:47.1 | Brave prison officers are under attack. |
0:49.5 | If the government doesn't act now, |
0:51.6 | I'm warning once again that an officer will be killed on the Justice Secretary's watch. |
0:56.8 | Thames Water is the UK's biggest water company, with 16 million customers. |
1:01.7 | It also has billions of pounds of debt. |
1:04.6 | Last week, the water regulator Offwat announced that it was fining the company more than £120 million for breaking rules on sewage spills and shareholder payouts. |
1:15.3 | And now there's a question mark over its future, after a US private equity firm, KKR, pulled out of a £4 billion rescue deal. |
1:24.7 | The Environment Secretary Steve Reid told the Commons the government was |
1:28.3 | monitoring the situation, but stressed that Thames Water remained stable and there would be no |
1:33.7 | disruption to customers' water supply. There remains a market-led solution on the table. We expect |
1:41.0 | the company and its directors to continue the process underway and fix the financial resilience of the company in the interest of their customers. |
1:51.0 | I want to be clear that the government is prepared for all eventualities across our regulated industries and stands ready to intervene through the use of a special administration regime, |
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