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The Latest Breaking News from Ofwat

Thames Water launches appeal for permission to raise bills even higher

Struggling firm to appeal to competition watchdog to hike fees by more than Ofwat-approved 35% over next five years

The Guardian - UK

Thames Water asks watchdog to let it charge even higher bills

It said steeper increases than the 35% already granted over the next five years is ‘in the interests of our customers and the environment’.

Evening Standard

Cash-strapped Thames Water asks watchdog to let it charge customers even more

It said steeper bill increases is ‘in the interests of our customers and the environment’

The Independent UK

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Thames Water appeals to CMA over regulator's decision on bills

Thames says Ofwat’s ruling “does not support the investment and improvement that is required for Thames Water”

Evening Standard

UK could face Trump VAT tariff hit; pound hits 2025 high – as it happened

Live, rolling coverage of business, economics and financial markets as sterling rises on surprisingly weak US retail sales and Thames Water appeals to raise bills further

The Guardian - UK

A state clean-up may be the best bet for Thames Water

Temporary nationalisation isn’t guaranteed to deliver shock needed, but upgrading operations is priority lost in legal drama

The Guardian - UK

Thames Water investigated over delayed river clean-up schemes

Regulator Ofwat’s enforcement case into whether company breached obligations follows Guardian investigation

The Guardian - UK

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Watchdog opens new probe into Thames Water over delays to environmental work

The regulator said it would probe whether delays to the plans mean England’s largest water firm has breached its licence.

Evening Standard

Thames Water facing new investigation over delays to environmental schemes

Of 812 customer-funded schemes, the company says it won’t be able to complete about 100

The Independent UK

New blow for Thames Water as watch-dog threatens huge fines over environmental failings

Utility could face huge fines as a result of enforcement action by Ofwat

Evening Standard

US inflation unexpectedly rises to 3% in January – as it happened

Surprise rise in inflation on the back of higher food prices makes Federal Reserve interest rate cuts less likely, in a blow to Donald Trump

The Guardian - UK

Feeding frenzy: how army of advisers is making millions from Thames Water

Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation

The Guardian - UK

Thames Water chairman accused of conflict of interest over £37m share dividend payment

Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding company

The Guardian - UK

Thames Water running out of money ‘a risk which cannot be run’, High Court told

The High Court will consider whether to sanction plans to restructure the utility following a four-day hearing in London.

The Independent UK

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The Guardian - UK

Thirty MPs demand Ofwat puts Thames Water into special measures

Exclusive: Labour and Green MPs write to regulator’s chief executive voicing fears about an expensive public bailout

The Guardian - UK

Water bills in England and Wales to rise by £123 on average this year

Largest price hike since privatisation is even more than the £86 predicted by Ofwat as companies add inflation on top

Evening Standard

Why are water bills going up so much?

Households are facing the largest rise in water bills since the privatisation of the industry 36 years ago.

The Guardian - UK

United Utilities and Pennon to increase dividend payments as water bills rise

Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years

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The Independent UK

United Utilities and South West Water hike dividends amid bill increases

The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.

The Guardian - UK

Water industry promises £22bn of environmental investment, funded by rising bills

The Environment Agency has secured a commitment to carry out 24,000 actions over the next five years

Evening Standard

Water companies to invest £22bn in wide-ranging programme to protect environment

A programme of 24,000 actions will tackle pollution, clean up rivers and improve bathing spots, the Environment Agency has said.

The Independent UK

£400m for innovative water schemes to tackle pollution, leaks and climate change

Regulator Ofwat announced the doubling of funding for its Innovation Fund which has already funded concrete printing, pipebots and nature schemes.

The Guardian - UK

Thames Water rescuers seek clean break before committing fresh funds

Exclusive: Some bidders demand temporary renationalisation to help cut debts and oust bosses

The Independent UK

What happens if Thames Water goes bankrupt?

The government could take ownership of the water company – along with its £16bn debt pile

The Guardian - UK

Thames Water credit rating slashed as administrators approached

Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’

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