The Latest Breaking News from Thames Water

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

Rishi Sunak is attending the Nato summit but will fly back to host Tory MPs at No 10 later

Watch as a parliamentary committee quizzes water industry bosses as concerns mount over the financial viability of Britain’s water suppliers.

River Action chief executive James Wallace made his comments at a Greater London Authority hearing about Thames Water.

LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.

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.

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

The move comes after United Utilities defended its financial position in the wake of the unfolding situation at counterpart Thames Water

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

Shareholders put in another £750 million to heavily indebted company

Rolling coverage of the latest economic and financial news