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The Independent UK

National

Joe Middleton

Thames Water crisis explained as utility giant serving 15m people faces collapse

Thames Water Ofwat Portsmouth Water Southern Water Yorkshire Water

PA Archive

The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust.

The utility giant is struggling under a £14 billion debt pile it has accrued since it was privatised in 1989 and could now potentially be taken into public ownership if further investment is not found.

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