The Latest Breaking News from Thames Water

Debt-laden company has faced questions over financial stability and ability to raise funds

Water chief also says ‘progressive charging system’ should be considered

Bills are never popular. They're especially unwelcome when it comes to paying for something that falls from the sky. Unfortunately, as Britain's water systems struggle under financial mismanagement and the pressures of climate change, higher water costs are something consumers are all going to have to swallow.

Monday’s announcement is not a ‘major milestone’ – choppy waters remain, such as the price review

The move comes after United Utilities defended its financial position in the wake of the unfolding situation at counterpart Thames Water

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

Shareholders put in another £750 million to heavily indebted company

Rolling coverage of the latest economic and financial news

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed