Why is Thames Water in so much trouble? - BBC

Aug 28, 2024 · Analysts say Thames Water's current debt amounts to about 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies.

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Why Is Thames Water In So Much Trouble? - BBC

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Aug 28, 2024 · Analysts say Thames Water's current debt amounts to about 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies.

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Thames Water Boss Defends Exec Bonuses As Sewage Spills Soar

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Dec 10, 2024 · Thames reported a 40% rise in sewage pollution with 359 incidents in the six months to September. Mr Weston blamed a particularly wet spring and summer period, and …

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Can London's Rivers Be Swimmable Within 10 Years? - BBC

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5 days ago · A spokesperson for Thames Water said: "As our infrastructure ages, and our population grows, more investment will be required. "The Thames Tideway Tunnel, a £4.5bn …

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Why Are Water Bills Going Up So Much? - St Helens Star

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2 days ago · However millions of households face even steeper rises, with Southern Water customers to see a 47% increase, Hafren Dyfrdwy and South West Water customers a 32% …

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Thames Water Faces Fresh Legal Challenge Over £3bn Creditor ...

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Jan 21, 2025 · Thames Water faces a fresh courtroom challenge to its efforts to raise an emergency loan worth up to £3bn, with environmental campaigners pressing the case that it …

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Water Industry Strategies To Manufacture Doubt And Deflect Blame …

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5 days ago · In August 2024, Ofwat recommended that three water companies in England (Thames Water, Yorkshire Water and Northumbrian Water) be fined a total of £168 million for …

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FAQs about Why is Thames Water in so much trouble? - BBC Coupon?

What will happen to Thames Water?

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". The firm was "quite a long way off" from nationalisation and "a lot that has to happen" beforehand. However, he said it was "eventually possible". ...

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 running out of money?

The company saw a 40% increase in pollution incidents in the first half of the year as its debts continued to swell. The water firm has received multiple bids as it faces running out of money next year. Thames Water says it has isolated the faulty pipe and repairs are now under way in Swindon. ...

Are Thames Water bills going to rise?

The challenges facing Thames Water are formidable. In Finsbury Park, north London, the company is replacing pipes laid when Queen Victoria was on the throne and the land above was fields. Today it is operating in - and under - built-up urban areas. One certainty Thames customers can surely bet on is that bills are going to rise. ...

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. ...

How bad is Thames sewage pollution?

Thames reported a 40% rise in sewage pollution with 359 incidents in the six months to September. Mr Weston blamed a particularly wet spring and summer period, and said that problems with its infrastructure were "decades in the making". Ofwat has also appointed an independent monitor to supervise Thames as it attempts its turnaround. ...