Thames Water’s debt pile has swelled to £18.5billion as the water firm fights to fend off nationalisation.
The embattled water firm, which serves around 16 million customers, said it had just £515million in cash as of the end of June to see it through to the end of the year.
After a period of immense uncertainty for Thames Water, there are fears that the incoming Prime Minister could bring the firm into public ownership. Andy Burnham has previously said there should be greater public control of utilities.
The Government was already looking at taking Thames Water into its Special Administration Regime – effectively a
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
