Apr 6, 2024, 9:00 AM
Mar 15, 2024, 7:00 AM

Lord Moylan believes that taxpayers will end up with the bill if Thames Water is nationalised

The Guardian
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Source
Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan. Latest twist in row over future of Thames Water as parent company defaults on loan to Thames Water. Company's parent company, Thames Water, has been in the process of paying off its debts.

GB News
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‘Nationalising Thames Water will reset the clock but taxpayers will end up with the bill,’ writes Lord Moylan

Thames Water is facing a debt black hole to the tune of billions of pounds. Nationalising Thames Water will reset the clock but taxpayers will end up with the bill, writes Lord Moylan. Thames Water faces a black hole in its finances to be wiped out by taxpayers.

BBC
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Can troubled Thames Water avoid collapse?

Thames Water's future is uncertain as parent company defaults on interest payments. The UK's biggest water firm is under pressure from its parent company. Thames Water is the biggest water company in the UK and has been in financial trouble since 2008. The company's parent company, Thames Water, has defaulted on its interest payments to avoid collapse.

The Telegraph
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Fate of Thames Water to be decided by Chinese banks

Revelation comes amid concerns over foreign involvement in British infrastructure. Thames Water to be decided by Chinese banks to decide fate of Thames Water. Revelation comes as concerns grow over foreign investment in UK infrastructure. Chinese banks set to take over decision on Thames Water from Thames Water in coming weeks.

The Telegraph
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Source
Letters: Thames Water should suffer the consequences of its poor performance

Letters: Thames Water should suffer the consequences of its poor performance. Plus: Record migrant crossings and the switch to digital landlines. Nuclear energy security; the BBC’s dark clouds; and a healthy Hoover. Plus: Plus: The switch to landlines; nuclear energy security and the BBC's dark clouds.

The Guardian
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Source
Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow. Parent company due to repay £190m loan and parent company to repay it. Thames Water hires restructuring advisers amid fears of collapse. Company to face crunch crunch talks with investors and parent parent company over £200m loan.

The Telegraph
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If Thames Water can’t fix itself, let it fail – and crony capitalism with it

Nationalised utilities would perform no better. But it still matters who owns our strategic industries. If Thames Water can't fix itself, let it fail – and crony capitalism with it. Let it fail, and let it go, and it will be crony-capitalised with it, says David Cameron.

The Guardian
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There is still a way to save Thames Water from financial oblivion

There is still a way to save Thames Water from financial oblivion. The formation of a company dedicated to providing cheap, clean water is the best way out of this debacle. Thames Water needs to form a new company to provide cheap and clean water. It is hoped Thames Water will be able to save the company from financial ruin.

The Telegraph
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The Thames has become a ‘national disgrace’ – so we tested the water to see how bad it really is

The Thames has become a 'national disgrace' so we tested the water to see how bad it really is. Boat Race crews will be faced with a river full of sewage – and some alarming health risks. This weekend’s Boat Race will see the crews faced with sewage and health concerns.

Daily Mail
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Taxpayers must not bail out Thames Water, MPs warn

Thames Water said it would have to hike bills for its 15million customers by 40 per cent. MPs warn taxpayers must not bail out the utility company after shareholders refused to hand over £750million. Utility company has said it will have to raise bills for 15 million customers by as much as 40%.

Bloomberg
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Thames Water Seeks Its Next Move With No Easy Options in View

Thames Water Utilities Ltd. is the UK's largest water and sewage company. Shareholders declared the company is ‘uninvestable’ under the current regulatory regime. Thames Water is the largest water company in the UK and largest sewerage and water distribution network in the country.

The Guardian
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Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – as it happened

Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – as it happened. Minister says water company’s leadership has been a ‘disgrace’ and has been ‘a disgrace’

Daily Mail
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Ministers warn taxpayers must not pick up tab for Thames Water failure

Michael Gove insists Thames Water must 'carry the can' for years of'serial mismanagement' that has left it £15billion in debt. Ministers warn taxpayers must not pick up tab for Thames Water's £15bn debt. Gove: 'Serial mismanagement has left the company in debt for years'

The Telegraph
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Q&A: What’s happening at Thames Water?

Thames Water will be nationalised if it goes bust - and nationalised. What will happen if the supplier goes bust – and if it does is nationalised? Thames Water is the biggest water supplier in the UK and biggest water company in the country. Thames Water has been in the process of being nationalised in recent years. The company is set to launch a bid to save Thames Water from bankruptcy.

The Telegraph
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Source
The £14bn debt crisis that threatens to sink Thames Water

Thames Water is facing a £14bn debt crisis that threatens to sink the company. Investors are dumping the utility giant's debt while it has been busy dumping sewage. The utility giant has been dumping sewage while it was busy dumping it's sewage. Thames Water has been in debt crisis for more than a decade.

BBC
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Why is Thames Water in so much trouble?

Thames Water is the UK's biggest water firm, but how did it come to this? There are fears that the firm is close to collapse. How did it get to this state of crisis? Thames Water has been hit by a string of scandals in recent years. The company has been forced to take drastic action to save itself.

Sky News
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Nationalising Thames Water would not serve the public well

Nationalising Thames Water would not serve the public well, say experts. Shareholders have rowed back on promised funding for Thames Water. Nationalising the water company would not be good for the public, they say. Thames Water is the largest water company in the world, with more than 1,000 staff.

BBC
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Thames Water boss says bills need to rise by 40%

The regulator, whose approval is needed for any price rises, has pushed back on substantial bill increases. Thames Water boss says bills need to rise by 40% to cover 40% of the cost of water bills. The regulator has been pushing back on large bill increases in recent years.

Sky News
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Michael Gove hits out at Thames Water leadership and calls for accountability

Michael Gove says Thames Water leadership has been a 'disgrace' and must be held accountable. Says customers have been taken advantage of by "serial mismanagement" and that they must be accountable. Calls for accountability for'serial mismanaged mismanagement' of Thames Water.

Sky News
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Thames Water directors hold crunch talks over utility's future

Britain's biggest water company is expected to announce on Thursday that its shareholders are not minded to proceed with a promised £3.25bn investment to keep it afloat. Sky News learns that the utility is set to announce the decision on Thursday. The announcement will be announced in a bid to keep Thames Water afloat, Sky News reports.

The Guardian
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The fate of Thames Water hangs in the balance. So what are its options?

Thames Water is at risk of running out of money by end of April or of cash crunch. Troubled utilities firm at risk at end of month or face cash crunch in April. Thames Water's fate of Thames Water hangs in the balance. So what are its options?

The Guardian
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Source
The fate of Thames Water hangs in the balance. So what are its options?

Thames Water is at risk of running out of money by end of April or of cash crunch. Troubled utilities firm at risk at end of month or face cash crunch in April. Thames Water's fate of Thames Water hangs in the balance. So what are its options?

The Guardian
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Source
Put Thames Water into special administration, Lib Dems tell ministers

Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines. Put Thames Water into special administration, Lib Dems tell ministers. Calls for higher bills, lower fines and higher fines to be passed on to the public. Calls come as firm seeks shareholder bailouts and higher bills for Thames Water.

The Guardian
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Source
Water firms’ profits in England and Wales almost double since 2019, find Lib Dems

Party to call for measures to stop companies prioritising profit over environment at spring conference. Lib Dems' call comes after it emerged that water firms' profits in England and Wales almost double since 2019. Party calls for measures stopping firms prioritising profits over environment to be prioritised.

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