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The Latest Breaking News from Ofwat

Sadiq Khan: Thames Water crisis proves ‘privatisation hasn’t worked’

The mayor criticised the monopoly enjoyed by the company and claimed the Government had failed to regulate it

Evening Standard

How Thames Water came to be flooded with debt – and what it means for taxpayers

Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.

The Conversation

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

The Independent UK

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In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Birmingham Post

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

Daily Mirror

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

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Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

The Guardian - UK

Who owns Thames Water? Firm in High Court battle against administration

Company needs up to £3bn to stay afloat

Evening Standard

The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Nottingham Post

The five water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Wales Online

Water firms face staggering £60 BILLION debts amid Thames Water collapse threat

Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt

Daily Mirror

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

The Guardian - UK

Taxpayer cash must not be used to bail out Thames Water, says Feargal Sharkey

Campaigner says firm should be brought under public control using powers in original privatisation legislation

The Guardian - UK

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The Week

Why is Thames Water struggling to stay afloat?

The sudden resignation of its chief executive while the company is struggling to finance a £14 billion debt has left the government nervously preparing for the potential collapse of Thames Water.

The Guardian - UK

Thames Water appoints Sir Adrian Montague as chair; squeezed households run down savings – as it happened

Rolling coverage of the latest economic and financial news

Fortune

The biggest water company in the U.K. is also polluting its rivers. Now, it desperately needs a government rescue to turn things around

The water company has been piling up debt for years, and its old infrastructure has harmed wildlife and the environment.

The Guardian - UK

Thames Water in crisis talks over potential £10bn black hole

Minister tells Guardian government has ‘no grasp’ of cost involved in preventing possible collapse

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The Guardian - UK

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisis

The Independent UK

‘Concerned’ government eyes temporary nationalisation of Thames Water

England’s largest water company could be put under ‘special administration’ regime

The Guardian - UK

What went wrong at Thames Water and what could a bailout look like?

The lowdown as ministers and regulator make contingency plans amid fears company may collapse

The Guardian - UK

Mounting debts and public anger could finally sink water companies in England and Wales

Firms have loaded up debt to pay dividends and been fined millions for dumping raw sewage into rivers

The Independent UK

Martin Lewis urges customers to take urgent action ahead of price cap change

Consumer financ expert says customers should submit a reading to reduce the risk of ‘”estimating” going against you’

Daily Mirror

Thames Water: Everything you need to know - including if your water supply is safe

There are suggestions that Thames Water could be placed into a special administration regime (SAR) - the same process used when energy supplier Bulb collapsed

Evening Standard

Thames Water crisis puts privatised industry’s future in doubt

Thames Water insiders blame “decades of neglect” by previous owners and management teams for the poor performance

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