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The Guardian - UK
The Guardian - UK
Business
Anna Isaac

Thames Water supply ‘on knife-edge’ with £23bn repairs needed

Thames Water illustration
Thames Water is close to securing a £3bn debt lifeline, without which it faces insolvency by Christmas. Composite: Guardian Design / Getty Images

Thames Water has £23bn of assets that are in urgent need of repair and the supply of water to its 16 million customers is “on a knife-edge”, a Guardian investigation can reveal.

Britain’s biggest water company has failed to tackle adequately serious safety concerns, has not upgraded essential IT systems and has tolerated a culture of intimidation among staff, according to insiders and an analysis of documents.

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