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Evening Standard
Evening Standard
Business
Alex Daniel

What does Thames Water’s £3 billion rescue loan deal mean for customers?

The firm was initially privatised in 1989 (Andrew Matthews/PA) - (PA Archive)

Thames Water’s plans for a £3 billion loan have been approved by a judge, designed to prevent it from going bust in the near future.

The deal was approved in the High Court on Tuesday, which would give bosses at the London water company time to find a permanent source of funding.

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