The Latest Breaking News on London water bills to be slashed by £100 million as regulators hit out at Thames Water leaks and spills

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

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

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed

Money follows £500m injection in March but troubled utility warns much more future funding needed

Blame financial blunders and timid regulation, not privatisation

Another day, another story about the literal s**tshow that our water companies have become.

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