Why is Thames Water in so much trouble? - BBC News

Aug 28, 2024 · Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March last year.

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Why Is Thames Water In So Much Trouble? - BBC News

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Aug 28, 2024 · Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March last year.

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Thames Water Makes Bid To Lift Bills By Up To 44% - BBC News

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Apr 22, 2024 · Why is Thames Water in so much trouble? The new total investment of £19.8bn would still require customer bills to rise by 40%, reaching an annual average bill of £608.30 by …

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Thames Water Boss Says Bills Need To Rise By 40% - BBC News

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Mar 28, 2024 · The boss of Thames Water has told the BBC customer bills need to rise by 40% by 2030 to pay for improvements. ... Why is Thames Water in so much trouble? Published. 28 …

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Why Is Thames Water In Trouble And Could It Collapse?

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Why is Thames Water in trouble?Thames Water’s finances have been stretched by rising interest rates and inflation. It faces higher payments on its £14 billion ...

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Southern Water Boss Pledges £9.7m After Outage - BBC

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Dec 21, 2024 · "The new management team at Southern Water is determined to deliver improvements, and a turnaround for the company," he said. "But we have a lot of ageing …

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Is Thames Water in trouble?

Thames Water is England's biggest water company, and it's in trouble. Here's what you need to know about its debt, its past controversies and the possibility of a government take over. One in four people in Britain rely on Thames Water for their supply - but there is a question mark over the company's future. That's because of its £14bn debt. ...

Why did Thames Water fail this year?

Thames Water failed to meet its target this year on reducing leakages as well as those for sewer flooding, pollution, blockages and customer usage. Ms Ross said the company was not profitable and this year made after-tax losses of £30m. ...

Why is Thames Water Under pressure?

Thames Water has come under intense pressure in recent years because of its poor record on leaks, sewage contamination, executive pay and shareholder dividends. In 2021, it was fined £4m for allowing untreated sewage to escape into a river and park - and, in the same year, was ordered to pay £11m for overcharging thousands of customers. ...

Will Thames Water collapse?

Fears emerged last year that the UK's largest water company Thames could collapse due to its huge debts. Regardless of what happens, water supplies will continue as normal. Chris Weston said he wanted to "reassure our customers that it is very much business as usual for Thames Water". ...

Why does Thames Water have a debt problem?

Interest payments on more than half of its debt are linked to the rate of inflation, which has soared over the last year. Water regulator Ofwat says that Thames Water has "significant issues to address" and needs to improve its "financial resilience". However, it also noted that the company still has access to funds. ...

Why is Thames not making enough money?

Thames is not making enough money to cover its costs. That means that either bills to customers will have to rise or taxpayers across the UK would have to foot a shortfall that could run into billions if it remains in public ownership beyond next May. ...