Ofwat: Strategic Priorities

Part of the debate – in the House of Commons at 4:13 pm on 9th June 2022.

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Photo of Philip Dunne Philip Dunne Chair, Environmental Audit Committee, Chair, Environmental Audit Committee 4:13 pm, 9th June 2022

The hon. Gentleman is making an impressive speech and I am grateful for his kind comments about our serving on the Committee together. On the matter of dividend payments, is he aware that many of the water companies’ capital structures mean that payments made as interest on the significant loans they take out to invest in their businesses are structured by way of dividend payments to inter-company subsidiaries and accounts? Therefore, the gross amount of dividends does not actually reflect dividend payments to equity shareholders, but includes interest payments.