Water Companies (Investment)

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 Mr Dafydd Wigley Mr Dafydd Wigley Leader and Party President, Plaid Cymru 12:00 am, 17th June 1992

Will the Minister address the issue of compound interest involved in the formula, RPI plus K, in which over and above inflation there is an increase of up to 6.5 per cent. per annum of compound interest in the charge made? Surely that should be levelled out and, although there may be justification for retaining the RPI element, surely K must be brought to an end.