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The Latest Breaking News from Ofwat

Thames Water bills to shoot up by almost £100 over the next five years

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

Evening Standard

Do not let Thames Water’s bondholders wriggle off the hook

Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills

The Guardian - UK

Thames Water fails to complete 108 upgrades to ageing sewage works

Exclusive: Fears customers will end up paying twice for work needed in order to comply with legal pollution limits

The Guardian - UK

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Cheap sales, debt and foreign takeovers: how privatisation changed the water industry

Familiar concerns over bosses’ pay, prices and borrowing emerged in the utilities’ early years in private hands, with UK dubbed the ‘dirty man of Europe’

The Guardian - UK

Rise in sewage pollution from Thames Water’s ageing treatment works

Incidents from sites and pipe network increased by 19 last year to 350 amid delays in investment, company says

The Guardian - UK

Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

The Independent UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

The Guardian - UK

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Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told

Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem

The Guardian - UK

Keir Starmer urged to act on water bill rises in England and Wales

Stephen Fry and other celebrities join unions and activists in calling on PM to launch review of water ownership

The Guardian - UK

The six most urgent problems facing the UK that Starmer’s new government needs to fix

Keir Starmer’s Labour party has won the UK general election in a landslide. Its huge majority should, in theory, give Starmer the clout to see through most of his political agenda. But in reality, the victory celebrations might prove short-lived, given the size of the challenges in front of him.

The Conversation

Renationalising water could fix sewage crisis – but no major party will do it

Privatised water companies discharged raw sewage into rivers and the sea around England and Wales for 3.6 million hours in 2023 – double the previous year’s total. For a sense of how bad the problem is today, check this map of the south-east of the UK which shows how much…

The Conversation

Thames Water accused of ‘chicanery’ over £150m dividend payment

Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat

The Guardian - UK

Will rising debt cause Thames Water to sink under a Labour government?

The crisis-hit utilities company could quickly spoil the post-election mood for whichever party wins next week

The Guardian - UK

Thames Water board approved £150m payout hours before funding U-turn

Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company

The Guardian - UK

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The Independent UK

Bather, beware: British beaches and rivers have a sewage problem. It has seeped into election talk

Britain has become notorious as a place where a casual swim could lead to an extended visit to the toilet, if not the hospital

Evening Standard

Thames Water among six water firms sued for up to £1.5bn by billpayers over sewage discharges

Lawsuit could see payout against Thames Water of £159.1m if successful

The Guardian - UK

Can Labour clean up England’s dangerously dirty water?

Party has vowed to end sewage scandal if it wins power, but experts say it will have to act quickly and ambitiously

The Guardian - UK

General election TV Q&A: Sunak refuses to accept tax burden will definitely rise during next parliament – as it happened

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The Guardian - UK

Severn Trent boss paid £3.2m despite firm’s fine for sewage spills in river

Liv Garfield’s pay included a £584,000 bonus despite firm’s £2m fine for spilling 260m litres of sewage into River Trent

Evening Standard

Sewage released into London's waterways for 12,000 hours in last year, City Hall finds

The figure is four times of that of the previous year, the mayor’s office has said

The Independent UK

Sewage pumped into river in picturesque Chilterns village for five consecutive days

Exclusive: Sewage discharged into brook feeding Ouzel river on the edge of Chiltern Area of Outstanding Natural Beauty

The Guardian - UK

Ofwat considers cutting sewage fines for financially struggling water firms

Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector

Evening Standard

Water firm sewage polluters 'will face criminal charges' under Labour government

Labour has pledged to put water firms under special measures and prosecute bosses if they continue to oversee the illegal dumping of ‘toxic filth’

The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

The Independent UK

Ed Davey falls into Lake Windermere as he reveals Lib Dem plan to fix sewage crisis

Liberal Democrats want to abolish Ofwat and ban bonuses for water company chief executives

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