Water Legislation

Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 17th June 1992.

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Photo of Liam Fox Liam Fox , Woodspring 12:00 am, 17th June 1992

The Minister's response will be extremely welcome in my constituency of Woodspring and throughout Bristol. Is my hon. Friend aware that the proportion of the water industry's profits that now goes to shareholders is lower than the amount of interest that was returned to the Government when the industry was in public hands? The privatisation of water has been vindicated on the ground not only of environmental stewardship, but of pure economics.