§ Mr. BlunkettTo ask the Secretary of State for the Environment if, with regard to the proposed water privatisation, he will take steps to ensure that a proportion of shares held in a particular region's water authority is retained by individuals and companies within that region; and if he will make a statement.
§ Mr. MoynihanNo decisions have yet been taken on the details of the offer structure for water privatisation, but there are precedents for employee share offers, contimuing employee share schemes and incentives for customers to apply for and hold shares.