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Evening Standard

World

Graeme Evans

Thames Water debt hits £15.8bn but boss hails turnaround progress

Thames Water Ofwat Chris Weston Pollution

Thames Water has been at the centre of a mounting public row over management of England’s water firms (Andrew Matthews/PA) - (PA Wire)

Thames Water today revealed its debt pile had swelled to £15.8 billion after publishing half-year results showing an improved underlying financial performance.

It warned that an “investable” final determination on its next five-year operating period by regulator Ofwat on 19 December will be “fundamental“ to its future.

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