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The Independent UK
The Independent UK
Business
Alex Daniel

Cash-strapped Thames Water asks watchdog to let it charge customers even more

Thames Water only has enough cash to see it through to March 24 -

Thames Water is seeking further hikes to customer charges despite facing criticism for substantial bill increases and executive bonuses amidst a backdrop of environmental failings.

The company has requested the Competition and Markets Authority (CMA) to review a decision by Ofwat, the water regulator, which granted a 35 per cent rise in consumer bills over the next five years.

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