My Lords, I remind the House of my previous interests—no longer—as chairman of a small water company; therefore, I know a bit about it. I hope that my noble friend will insist that the water companies behave properly, of course, but will he please remind the Opposition that when it was run by the state and municipalities, we had no investment at all? That was why it was privatised, and not for any other reason. In the years after privatisation, a great deal of investment has taken place. The problem was that both Governments—Tory and Labour—told the control, which started off with Mr Byatt, that he was to keep prices down instead of allowing the kind of investment that we need. You do not get water free, and we have to have proper investment.