My immediate thoughts would be that as long as the pipes were properly bonded there isn't too much of a problem. What always bothers me about these types of arrangements, however, is that at some time in the dim and distant future, when you no longer own or rent the flat, someone will come along and think that it's a water pipe running along the top of the skirting and merrily cut into a live cable.
Reminds me a bit about a quite elderly edition of GroundFarce, where Charlie 'Nipples' Dimmock was feeding a section of cable for a water feature through some scrap gas service pipe under a path. I complained at the time to the Beeb, but never heard any more about it.