Speeches by Roca.

“Turning to dividend yields of about 4.1%, return on regulated equity of 8.4%, and shareholder return of nearly 15%, are these justified when performance overall is judged as average and you are meeting only half of your KPIs?”

“Do you think that, overall, the industry might have an issue with excessive remuneration? I am conscious that the Prime Minister is on £165,000, and you are on eight times that. Is there an overall cultural issue with remuneration being too high?”

“In terms of the measures that are being used for the bonus and the long-term incentive, clean rivers is one. Is that not something that you would be doing in terms of your base pay? It is not something that you should be receiving a bonus for. It should be, basically, what you are delivering.”

“In terms of the measures that are being used for the bonus and the long-term incentive, clean rivers is one. Is that not something that you would be doing in terms of your base pay? It is not something that you should be receiving a bonus for. It should be, basically, what you are delivering.”

“Do you think that, overall, the industry might have an issue with excessive remuneration? I am conscious that the Prime Minister is on £165,000, and you are on eight times that. Is there an overall cultural issue with remuneration being too high?”

“Turning to dividend yields of about 4.1%, return on regulated equity of 8.4%, and shareholder return of nearly 15%, are these justified when performance overall is judged as average and you are meeting only half of your KPIs?”

“Stepping back, the public will see the Windermere issue. They will see their bills going up. They will see, as I say, average overall performance and only meeting half of the KPIs. Between the two of you, you are being paid over £2.5 million. There is a cultural issue, is there not?”

“Overall, the structure of the water industry is something that is quite a lively public debate as well. We saw big increases in bills after privatisation. Then they flatlined in real terms, and now we look to be going through another period of significant real-terms increases. The sector has £60 billion of debt. It has…”

“I just want to build on this point about transparency. Is there a cultural problem in the company around being transparent and open with the public?”

“The reason why I ask, Louise, is that the BBC estimates that between 143 million and 286 million litres was illegally dumped into Windermere. One of the quotes given to the BBC, under condition of anonymity, was, “We would have been aware of the issue—it would have flagged up on flow and spill reports. I’m not surprise…”

“Despite the astonishing 10 days we have had, and we should be under no illusion that they have been astonishing, there has been reassurance to be found in the Government’s steadfast commitment to Ukraine and the leadership they have been showing. The Foreign Secretary alluded earlier to Vladimir Putin’s penchant for ly…”

“You cannot comment.”

“Even in recent years, there has been a sharp decline in the number of seizures.”

“Can I ask about prosecutions? How many people are pursued and prosecuted?”

“Your background, David, is in customs. Originally you started as a customs officer. Customs used to do investigations.”

“I have a briefing here saying that data shows a general trend towards fewer individual seizures, with 5,500 in 2015 and 2,000 in the latest recorded year. Will that have been at Dover or are those national figures? I do not know if you recognise those figures.”

“It will be a briefing that we have had. I suspect those are national figures. That decline is quite substantial in and of itself. I was looking at an NAO report from 2003, where there were 15,800 seizures in that year. The trend over the last 20 years has been significantly downwards. Can you comment on why that is?”

“Is the intelligence not shared with you, Lucy?”

“It is not shared at all.”

“In terms of the stats on seizures, there were 5,500 in 2015-16 and then 2,000 in the latest recorded year. Are those seizures nationally or seizures at Dover?”