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The Latest Breaking News from Ofwat

Thames Water in crisis talks over potential £10bn black hole

Minister tells Guardian government has ‘no grasp’ of cost involved in preventing possible collapse

The Guardian - UK

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisis

The Guardian - UK

‘Concerned’ government eyes temporary nationalisation of Thames Water

England’s largest water company could be put under ‘special administration’ regime

The Independent UK

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What went wrong at Thames Water and what could a bailout look like?

The lowdown as ministers and regulator make contingency plans amid fears company may collapse

The Guardian - UK

Mounting debts and public anger could finally sink water companies in England and Wales

Firms have loaded up debt to pay dividends and been fined millions for dumping raw sewage into rivers

The Guardian - UK

Martin Lewis urges customers to take urgent action ahead of price cap change

Consumer financ expert says customers should submit a reading to reduce the risk of ‘”estimating” going against you’

The Independent UK

Thames Water: Everything you need to know - including if your water supply is safe

There are suggestions that Thames Water could be placed into a special administration regime (SAR) - the same process used when energy supplier Bulb collapsed

Daily Mirror

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Thames Water crisis puts privatised industry’s future in doubt

Thames Water insiders blame “decades of neglect” by previous owners and management teams for the poor performance

Evening Standard

Government on alert amid fears Thames Water ‘could collapse’

The future of Thames Water was thrown into doubt on Wednesday after its boss dramatically quit amid reports the Government is drawing up contingency plans for its collapse.

Evening Standard

Who is Sarah Bentley and why is she stepping down from Thames Water?

Troubled company announces chief will continue in post until a replacement is found

Evening Standard

Thames Water 'emergency plans being drawn up' for its collapse - what it means for you

Ministers are reported to be in talks about bringing Thames Water back into temporary public ownership under a special administration regime (SAR) - the same process previously used on energy supplier Bulb

Daily Mirror

Emergency plans ‘drawn up for Thames Water collapse’ as water firm racks up £14bn debt

Contingency plans reportedly being considered in event Thames Water is unable to service debts

The Independent UK

Contingency plans being drawn up for Thames Water collapse

UK government and Ofwat holding discussions amid fears firm cannot survive because of huge debt pile

The Guardian - UK

Water bills 'set to go up 40 per cent as companies cover sewage spill costs'

New reports have warned that water companies are set to hike bills for ordinary British households as much as 40 per cent between 2025 and 2030 as they look to cover sewage spill repair costs

Daily Mirror

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Wales Online

Water bills could rise 40% to almost £700 to cover repairs to fix sewage spills

People across the country may have to pay more for the water that comes out of their taps

The Guardian - UK

UK business minister says Thames Water must survive; Bank of England governor understands criticism over rate hike – as it happened

Rolling coverage of the latest economic and financial news, as government begins drawing up contingency plans for the collapse of Thames Water

The Guardian - UK

Thames Water boss steps down amid backlash over environmental record

Sarah Bentley had revealed she would forgo her bonus after criticism of utility’s discharge of raw sewage

Birmingham Post

United Utilities' £1.5bn plans to upgrade network approved by Ofwat

Over £2bn is to be spent by water companies across the country

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news in one place.

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The Guardian - UK

Water companies feel the heat as commercial bans loom in dry summer

Suppliers may be forced to cut large-scale usage by businesses amid fears of a repeat of last year’s heatwave

The Guardian - UK

Water companies profit as we bathe in apathy

Letters: We should be more angry about the behaviour of polluting water firms, writes Gwyn Jones, while Ian Jones calls for tighter regulation and Dr Miles Clapham suggests more green investment in sewage management

Wales Online

Every Welsh Water customer to get cash rebate after company found to have underestimated its leaks

The company is facing an investigation by a watchdog after also overestimating consumption per head

Birmingham Post

Welsh Water to be investigated by watchdog Ofwat over leak reporting failures

The water company will also return £14m to customers in the coming months

The Guardian - UK

South West Water under investigation over leaks and usage figures

Shares in owner Pennon Group fall as it says Ofwat has launched inquiry into South West Water

Birmingham Post

South West Water to be investigated by regulator

South West Water is owned by Exeter-based Pennon Group

The Guardian - UK

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

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