Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 5:30 pm on 3rd April 1995.

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Photo of Mr Tim Smith Mr Tim Smith , Beaconsfield 5:30 pm, 3rd April 1995

I am not familiar with the details of Thames Water. Some of my constituents are customers, so I would be concerned about that matter. The normal effect, however, of reducing investment is to reduce profitability. Last week, North West Water announced that extra dividends would be paid to shareholders, and that there would be extra investment for customers, and a reduction in customers' bills.