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The Latest Breaking News from Ofwat

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

The Guardian - UK

OPINION - Thames Water wants to raise prices 40%, spill more sewage and not be fined - after lining shareholders' pockets

Early last year, regulator Ofwat at last woke up to the exploitation of the complex financial structures around our water companies. Holding companies had been allowed to borrow against water firms’ assets to increase dividends to shareholders.

Evening Standard

Look at the Thames and know the time for metaphors is over: our politics is drowning in effluent

It took a sewage-plagued Boat Race to do it, but people can now see the appalling state of England’s water industry and waterways, says Guardian columnist Marina Hyde

The Guardian - UK

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The Observer view: there is still a way to save Thames Water from financial oblivion

The formation of a company solely dedicated to providing cheap, clean water is the best way out of this debacle

The Guardian - UK

What now for Thames Water as investors turn off the taps?

With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership

The Guardian - UK

Thames Water on road to state rescue amid investor standoff with Ofwat

After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation

The Guardian - UK

UK's Biggest Water Supplier Plunges Into Deeper Financial Crisis

Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable".

International Business Times

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Thames Water boss under fire as he says bills have to go up by 40%

The Communities Secretary branded the water company’s leaders ‘a disgrace’ and claimed the firm had acted in an ‘arrogant way’ towards its customers

Evening Standard

Financial Crisis At UK's Biggest Water Supplier Worsens

Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable".

International Business Times

Who will win in standoff between Thames Water’s investors and watchdog?

Ofwat denies shareholder demands for higher bills and looser environmental regulation

The Guardian - UK

Regulators urged to act over water companies’ record sewage discharge

Government asked to put ‘people and planet before profits’ as analysis shows potential illegal discharging of raw sewage

The Guardian - UK

Water companies in England face outrage over record sewage discharges

Call for environmental emergency to be declared after data reveals 105% rise in raw sewage discharges over past 12 months

The Guardian - UK

4m hours of raw sewage discharges in England in 2023, data expected to show

Exclusive: Environment Agency figures to be released on Wednesday to reveal 129% increase in total discharges on previous 12 months

The Guardian - UK

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Guardian - UK

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The Guardian - UK

UK watchdogs say they will take action against ‘threatening’ debt collectors

Joint letter from regulators targets finance and utility sectors for volume and tone of correspondence to vulnerable customers

The Guardian - UK

Put Thames Water into special administration, Lib Dems tell ministers

Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines

The Guardian - UK

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK

Come clean on secret taxpayer rescue plans for Thames Water, MP demands

Exclusive: Sarah Olney to press in parliament for details of scheme being drawn up in event of supplier’s collapse

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The Guardian - UK

Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

The Guardian - UK

Ofwat accused of cover-up over dinners with water companies

Calls for inquiry after regulator failed to declare hospitality with those it holds to account over sewage spills

Evening Standard

Hundreds of thousands of Thames Water customers may be unable to pay bills from April

Prediction comes as Britain’s biggest water supplier battles to stabilise its finances

The Guardian - UK

Thames Water lobbying government to let it increase bills by 40%

UK’s largest water company also calls for dividend payouts and lower fines for breaches to avoid taxpayer bailout

The Guardian - UK

Bitcoin surges through $60,000 in biggest monthly rally since late 2020 – as it happened

Cryptocurrency buoyed by flows into new ETFs that track the value of bitcoin

Evening Standard

Joe Lycett vs Sewage on Channel 4 review: a frightening dive into Britain's filthy water problem

The comedian turned investigative reporter is back and he’s lifting the lid on the appalling state of our sewage system

The Guardian - UK

Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

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