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Evening Standard
Evening Standard
Holly Williams

Thames Water still in ‘crisis mode’ as turnaround set to take a decade

Thames Water will take ‘at least a decade’ to turn around its finances, the company warned (Andrew Matthews/PA) - (PA Archive)

Thames Water is still “in crisis mode” and will take “at least a decade” to turn around, the company has warned as it revealed ballooning debts.

The UK’s largest water supplier also revealed a sharp increase in pollution incidents over the past year, as the firm’s creditors push ahead with efforts to take ownership of the business.

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