Privatised Utilities (Regulation)

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 2:22 pm on 12th July 1995.

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Photo of Mr Keith Mans Mr Keith Mans , Wyre 2:22 pm, 12th July 1995

Does my right hon. Friend agree that, when these recently privatised utilities were in the public sector, there was no one acting on behalf of the consumer because there were no regulators? On top of that, those utilities were highly inefficient and were able to invest in their infrastructure only when the Treasury let them do that. Does he further agree that the position is not only better in terms of the money that the public sector has to provide, but better for consumers, who get better value for money?