Angela Smith

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  • Apr.17.2018: Labour MP savages party’s water policy. A senior Labour MP is delivering a withering analysis today of her party’s commitment to nationalisation of the water industry, saying that the plans are undeveloped, uncosted and should not be a priority amid so many post-Brexit challenges. In a speech at a Water Industry conference in Manchester and writing in The Times, Angela Smith, chairwoman of the all-party parliamentary group for water, denounces the nationalisation proposals promoted by John McDonnell, the shadow chancellor, as ideological and founded in the “politics of the past”. The industry, particularly Thames Water, its largest supplier, has been much-criticised for taking on huge debts to pay investors large dividends while household bills go up. Ms Smith, an avowed opponent of Jeremy Corbyn's leadership, writes that Mr McDonnell has come up with little detail on what a nationalised regional water company ownership model will look like. She will tell the Twenty65 water conference that a Labour govt should focus on a “bold reform” of OfWat. She will say that the water regulator is unambitious, bureaucratic and that its five-year control periods and pricing mechanisms are outdated. Robert Lea, The Times. See Water industry needs reform, not 1970s-style posturing