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The Latest Breaking News from Ofwat

Severn Trent likely to be allowed to charge customers £60m extra

Water firm tells investors it is on track to claim reward for exceeding its own customer service targets

The Guardian - UK

Thames Water boss warns people with bigger gardens could pay more

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

The Independent UK

Calls for inquiry into appointments of Ofwat chairs past and present

Campaigners raise concerns about water industry links as Lib Dems say watchdog should be abolished

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

British water privatisation offers cautionary tale

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.

Bangkok Post

Thames Water still faces slow drip over funding

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

The Guardian - UK

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

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

Evening Standard

Thames Water’s former CEO handed half a million pounds as higher bills help keep it afloat

Shareholders put in another £750 million to heavily indebted company

Evening Standard

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How to save money on your water bill

Households could see their water bills rise next year as providers aim to tackle sewage spills and meet environmental requirements.

The Week

Ofwat boss denies water industry badly regulated as he predicts higher bills

David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently

The Guardian - UK

Rail firms unveil plans for mass closure of England’s ticket offices to ‘modernise’ railway – as it happened

Plans will ramp up battle with unions; boss of water watchdog says higher water bills are coming to fund infrastructure improvements

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Guardian - UK

England’s water firms should pay to fix illegal discharges, high court to hear

WildFish charity says £56bn plan to reduce sewage dumping from storm overflows is illegal because it expects customers to foot bill

The Guardian - UK

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

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

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The Guardian - UK

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

Evening Standard

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 Conversation

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 Independent UK

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

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news in one place.

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The Guardian - UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

Birmingham Post

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Daily Mirror

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

The Guardian - UK

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

Evening Standard

Who owns Thames Water? Firm in High Court battle against administration

Company needs up to £3bn to stay afloat

Nottingham Post

The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

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