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The Latest Breaking News from Thames Water

What happens if Thames Water goes bankrupt?

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

The Independent 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’

The Guardian - UK

UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

The Guardian - UK

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Ministers must hold the line on Thames Water. Administration is better than a bailout

It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’

The Guardian - UK

OPINION - London has an illegal migration problem — but the government is telling us not to talk about it

The Government has lost no time in responding to a report in the Daily Telegraph today, suggesting that up to one in 12 people living in London is here illegally. And the gist is, nothing to see here, folks. Move along. Or as a Home Office spokesman put it, “This…

Evening Standard

Part of Thames Water restructure plan ‘holds company to ransom’, High Court told

Two groups of the utility’s creditors have introduced rival restructuring plans for the company, which could run out of money by late March.

Evening Standard

Thames Water says it will raise base pay of bosses if Ofwat limits bonuses

Struggling water firm tells regulator for England and Wales proposals would make it hard to attract talent to sector

The Guardian - UK

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E coli found in water supply of property in south-east London

Residents of properties in Brockley advised to boil water until results of tests by Thames Water are returned

The Guardian - UK

Labour ‘lacks coherent story’ and is leaving door open to Nigel Farage’s Reform, warn top pollsters

Figures from inside and outside the Labour ranks have warned Keir Starmer to stop governing like a technocrat and build a coherent story to take on Nigel Farage

The Independent UK

UK has no credible plan to mobilise volunteers in event of war, ex-defence minister admits – as it happened

Comments from James Heappey come as MoD reveals more than 10,000 UK troops are not fit to serve

The Guardian - UK

Sewage scandals and bill increases mark year of woe for water industry

Public fury swelled yet again at water companies’ worsening records on sewage as firms announced steep hikes to consumer bills.

The Independent UK

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows

The Guardian - UK

Households to face average £86 hike to water bills next year alone

Consumer groups said the bill rises will be more than many households can afford, as campaigners accused Ofwat of caving to pressure from firms.

The Independent UK

Thames Water to pay £18m penalty after breaking dividend rules

Regulator says it will claw back £131m in ‘unjustified’ payments as it announces companies can increase bills by 36% by 2030

The Guardian - UK

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Evening Standard

Thames Water fined £18m over dividends but granted 35% bills hike by 2030

The ruling falls well short of a 59% bills hike requested by the troubled water company, as it tries to secure a bailout from investors.

The Guardian - UK

Average water bill in England and Wales to rise by 36% over five years

Firms accused of forcing households to pay for years of underinvestment after Ofwat agrees to increases to help fix sector

Evening Standard

Thames Water bills will surge by £152 over the next five years in new blow to London households

Company also fined £18 million by regulator for breaking rules on payment of dividends

The Guardian - UK

Thames Water to get green light to hike bills by more than a third by 2030

Exclusive: Long-awaited decision by water regulator Ofwat falls short of utility’s requested 59% rise

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Evening Standard

Thames Water takes first step in restructuring in bid to avoid administration

A High Court judge ruled on Tuesday that the utility’s restructuring plan could be put to creditors for approval.

The Independent UK

Creditors in High Court row over Thames Water restructuring plans

Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved.

Evening Standard

Thames Water could run out of cash by March next year, High Court told

Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved

The Guardian - UK

Thames Water wins court approval to secure ‘critical’ £3bn cash lifeline

Decision came after protesters called on judges to block a financial bailout they say will cost customers £250 a year

Evening Standard

Thames Water to pay customers up to 10 times as much in compensation for failures

Under the new rules, Thames Water will have to pay customers much higher sums

Evening Standard

OPINION - Selling Royal Mail to a Czech billionaire marks a bleak day for Britain

We have long since got used to our corporate crown jewels being raided by foreign buyers: Roll-Royce Motors, Land Rover, Harrods, Heathrow, even Weetabix and Polos are all in the stewardship of overseas owners. Vital public services such as Thames Water are also not excluded from the list.

The Guardian - UK

Swimming status of Ilkley’s River Wharfe in limbo over sewage pollution

Stretch of river in West Yorkshire was first to get bathing status in 2020 but has since recorded poor water quality

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