State regulators of monopolies have let us down. We are short of water with too much sewage allowed into our rivers. We are short of energy, cruelly dependent on scarce and dear imports. Competition is the best way of ensuring supplies at better prices.

John Redwood How is there competition in the water market? What there is is a series of privatised monopolies. If I want a more competitive deal on my domestic water, I have no choice of provider.