Thames Water Delays £7.5m Charity Payment Amid Crisis
Thames Water postpones £7.5m charity payment as financial pressures mount, sparking outrage from environmental groups and raising fresh concerns over the utility giant's stability.
Thames Water postpones £7.5m charity payment as financial pressures mount, sparking outrage from environmental groups and raising fresh concerns over the utility giant's stability.
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Britain's largest water company, Thames Water, faces a deepening crisis after regulator Ofwat rejected its plea for a 40% bill increase. The decision raises the spectre of a temporary government takeover as the utility grapples with massive debt and urgen
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Britain's largest water company, Thames Water, faces potential collapse as regulator Ofwat blocks its rescue plan. With debts soaring to £15.6bn, the government prepares for a temporary nationalisation to avert a crisis for 16 million customers.
Britain's water regulator, Ofwat, has dealt a crushing blow to Thames Water's recovery plan, rejecting its plea for higher bills and lenient penalties. This decision pushes the debt-laden utility, serving 16 million customers, closer to a potential govern
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Exclusive: Chancellor Rachel Reeves pushes for significant losses for Thames Water's creditors in a radical restructuring plan, aiming to protect billpayers from the burden of the utility's massive debt.
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Exclusive: Ministers and regulators prepare contingency plan for Thames Water's potential collapse as Britain's largest water supplier struggles under massive debt burden, raising concerns about bills and service delivery.
Chancellor Rachel Reeves faces a stern economic test as public sector net borrowing hits £27.6bn, the highest since 1999. Rising debt interest payments and welfare costs drive the surge, complicating Labour's fiscal plans.