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The Independent UK
The Independent UK
Albert Toth

Thames Water: Fears of more bill hikes as £38bn bill revealed

Thames Water Andrew Matthews Ofwat
Thames Water is more than £16 billion in debt (Andrew Matthews/PA) - (PA Archive)

The extent of issues faced by Thames Water has been revealed in a new investigation, prompting concern from industry officials and customers.

The beleagured water company has been marred by financial mismanagement for decades. It now faces collapse as it seeks to offset costs and secure extra investment.

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