Thames Water dumped ‘millions of litres’ of sewage in river killing more than 1,000 fish Untreated sewage was pumped into River Mole near Crawley for six and a half hours, turning water black The Independent UK · Jul 3, 2023
Renationalising Thames Water would be a gamble – but there is another way to help clean up the industry The privatisation of water companies in England and Wales was supposed to bring efficiency and investment to a vital sector that had been starved of public funding. But since 1989, the industry has failed to invest sufficiently in replacing antiquated pipes and sewage treatment systems. The Conversation · Jul 3, 2023
Ex-Thames Water owner accused of ‘money-grabbing’ cuts to Cadent pension scheme Exclusive: Cadent Gas, owned by Australia asset manager Macquarie, is considering closing its defined benefit scheme The Guardian - UK · Jul 3, 2023
Chairman of firm £14billion in debt splashed out on Edinburgh penthouse and beach pad Ian Marchant is stepping down as chairman with the firm billions of pounds in debt. But he also boasts an impressive property portfolio with a penthouse in Edinburgh Edinburgh Live · Jul 2, 2023
The Guardian view on private water companies: a disaster made in the City Editorial: England has become an asset management society with predictably calamitous results The Guardian - UK · Jul 2, 2023
Thames Water shareholder gives backing to crisis-hit firm USS support for turnaround plan comes as water company buckles under £14bn debt burden The Guardian - UK · Jul 2, 2023
Chairman of firm £14bn in debt has plush Edinburgh penthouse and beach pad Ian Marchant is stepping down as chairman with the firm billions of pounds in debt. Daily Record · Jul 2, 2023
Chairman of sinking Thames Water has beach pad with pool and penthouse apartment Ian Marchant earns a fortune as chairman of the company that is leaking hundreds of millions of litres of water every day and has £14bn worth of debt Daily Mirror · Jul 2, 2023
Now, water bosses, you must show how capitalism can work for the common good If there’s a lesson to be learned from the collapse of Thames Water, it is that utility giants have to pioneer a new kind of company The Guardian - UK · Jul 2, 2023
The failures of privatisation can be found in our toxic rivers and our failing water companies As Britain's biggest water company faces collapse and sewage fills our rivers, Liam Thorp says privatisation has left parts of our country in a state of near-collapse Liverpool Echo · Jul 2, 2023
Exclusive: UK water giants recruit top staff from regulator Ofwat Demands for an end to the ‘revolving door’ as ex-Ofwat directors are hired by key firms The Guardian - UK · Jul 1, 2023
'It's time to blow fatcat water company bosses OUT of the sector and take back control' Now that Thames Water is at risk of going under, they think they should get help from the government- meaning we taxpayers would be paying to clean up their mess. Daily Mirror · Jul 1, 2023
Water privatisation was right, says Michael Howard amid debt concerns Tory peer says in light of Thames Water troubles that firms should not have been allowed to borrow so much The Guardian - UK · Jul 1, 2023
London’s Super Sewer gets underground flower garden Garden unveiled as project boss says it is ‘inconceivable’ that Thames Water’s financial woes will derail London’s new £4.5bn sewage system Evening Standard · Jun 30, 2023
The Guardian - UK · Jun 30, 2023 Thames Water with a dash of Ponzi scheme Letters: Louis Berk thinks Bernie Madoff couldn’t have pulled off a better deception, Alan Gray is glad to hear of the water company’s ‘strong liquidity position’, and John Powell thinks Dŵr Cymru has the right idea
The Guardian - UK · Jun 30, 2023 Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water
Evening Standard · Jun 30, 2023 Thames Water fined £24,000 after leaving manhole uncovered during South Kensington works The local council said the works posed a risk to the public
Evening Standard · Jun 30, 2023 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
The Guardian - UK · Jun 30, 2023 Sewage in kitchens and ‘white elephant’ projects: why Thames Water is struggling The shock departure of its chief executive this week is not the only problem the water company is facing
The Conversation · Jun 30, 2023 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 Guardian - UK · Jun 30, 2023 Labour MPs urge Keir Starmer to commit to nationalising water firms Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policy
Evening Standard · Jun 30, 2023 Thames Water’s annual profit figures may come out after MPs grill industry executives London’s water provider usually publishes its accounts in the first week of July
The National (Scotland) · Jun 30, 2023 Question Time audience member urges UK to 'look to what Scotland's done' A QUESTION Time audience member was applauded after she said that the Government south of the Border should “look to what Scotland’s done” ...
The Independent UK · Jun 30, 2023 Thames Water crisis explained as utility giant serving 15m people faces collapse The utility giant is struggling under a £14 billion debt pile
The Guardian - UK · Jun 30, 2023 Friday briefing: Could Thames Water’s cautionary tale end the UK’s love affair with privatisation? In today’s newsletter: Guardian business correspondent Alex Lawson on how things got so bad for the private water company, and where we go from here