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tabling member › label	Biography information for Lord Hylton
min date	2023-07-17
answering body	Department for Business and Trade
min answer › question first answered	2019-11-05T14:59:57.697Z

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answering body

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tabling member printed

uin

answer

is ministerial correction

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answering member printed

question first answered

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tabling member


label

1653712

registered interest

date

17/07/2023

answering body

Department for Business and Trade

answering dept id

214

answering dept short name

Business and Trade

answering dept sort name

Business and Trade

hansard heading

Utilities: Nationalisation

house id

legislature

25277

pref label	House of Lords

question text

To ask His Majesty's Government what plans they have, if any, to re-nationalise public utilities to provide water, electricity and gas in instances where there are, in effect, natural monopolies and limited choice or representation for consumers.

tabling member printed

Lord Hylton

uin

HL9399

answer

is ministerial correction

date of answer

31/07/2023

answer text

<p>The government has no plans to re-nationalise the water, electricity, or gas industries. Properly regulated markets, which incentivise private capital to invest in the energy and water systems, provide the best outcome for consumers and promote market competition as the best driver of efficiency, innovation, and value.</p>

answering member printed

The Earl of Minto

question first answered

31/07/2023 11:37:36

answering member

4952

label	Biography information for The Earl of Minto

tabling member

2018

label	Biography information for Lord Hylton