My Lords, in Scotland, real bills are still the same as they were 17 years ago, while English bills have increased by over 16% in real terms over the same period. The publicly owned Scottish Water invests over one-third more per capita in its water industry and supplies than any private English company. That is £282 per household over the last 17 years compared to only £210 per household in England. Does not one conclude from that that publicly owned companies are doing better than privately owned ones? If that is not the Minister’s conclusion, how does he explain the differential?