Published 16 days ago • loading... • Updated 15 days ago

Taxpayers will suffer if Thames Water collapses, warns regulator

Summary

Taxpayers and the pension schemes of Thames Water workers would both suffer if the UK's largest water company was temporarily nationalised, the water regulator and Thames' pension trustees have warned. Ofwat has not disputed that placing Thames under government control in the event the debt-laden company collapsed could end up costing taxpayers billions of pounds.

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Financial Times

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Regulator accused of letting hedge funds control Thames Water

Allegation comes as utility waits for Court of Appeal decision over £3bn emergency loan

15 days ago·London, United Kingdom

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iNews

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What Thames Water's proposed bail-out could mean for your bills

The future of Thames Water is hanging in the balance as the Court of Appeal considers whether a £3bn emergency loan to the beleaguered company can go ahead.Thames Water and the majority of its lenders want to see the company, which already has a £20bn debt pile, borrow another £3bn to prevent collapse while it completes a restructure.The court has been hearing arguments over whether the loan should be granted and is expected to make a decision e…

15 days ago·London, United Kingdom

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Guido Fawkes

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Lib Dem MP Failed to Declare Free Legal Advice For Campaign to Flush Thames Water into Administration

Last week Guido reported that Lib Dem MP Charlie Maynard had been referred to the Standards Commissioner after campaigning to push Thames Water into

15 days ago

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BBC News

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Warning Thames Water collapse could hit taxpayers and pensions

Ofwat says placing Thames under government control could end up costing taxpayers billions of pounds.

16 days ago·United Kingdom

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Sussex Express

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Political opinion: Lib Dem MP John Milne looks for protection against hikes in bills by Southern Water

Horsham MP John Milne has pressed Southern Water to take urgent action to mitigate rising water bills for his constituents. In a meeting with a Sussex County Representative from Southern Water, Mr Milne proposed key measures that would help protect vulnerable residents and ensure fairness in billing.

16 days ago·Lewes, United Kingdom

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