Privatised Utilities

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 1:49 pm on 19 March 1997.

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Photo of Mr Bill Michie Mr Bill Michie , Sheffield, Heeley 1:49, 19 March 1997

Bearing in mind that 10 regional electricity companies have already been taken over and that there is another takeover in the pipeline—quite a few takeovers have involved United States companies, including Yorkshire Electricity—does not the Minister agree that we must toughen the regulations and give more power to the regulator so that company accounts are more transparent and there is greater defence of the consumer? If the Government do not adopt that approach, the new regulator will be nothing more than a paper tiger.

Minister

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