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FOUND: 4 | Mind Blowing Facts

Thames Water delays challenging watchdog’s ruling on bills amid rescue plan

The UK’s biggest water firm said it had agreed with Ofwat to defer the case until further notice.

Evening Standard

The bills are water torture – and so is the regulatory process in England

Five suppliers can raise charges but Ofwat is able to celebrate a minor moral victory. The whole process feels surreal

The Guardian - UK

The five utility companies cleared to increase water bill charges

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The Independent UK

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Five water firms provisionally allowed to raise bills by further 1% to 5%

An independent group appointed by the competition watchdog rejected nearly 80% of increases sought by companies.

Evening Standard

Entry-level workers face AI ‘job-pocalypse’; US probes Tesla’s self-driving system – as it happened

Business leaders are prioritising automation through AI to fill skills gaps, rather than training junior employees, survey finds

The Guardian - UK

Millions of households face jump in water bills after watchdog’s ruling

Five companies have been granted permission to increase their charges

The Independent UK

Millions in England face higher water bills after regulator backs more price rises

Competition watchdog agrees to requests from Anglian, Northumbrian, South East, Southern and Wessex to increase charges

The Guardian - UK

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Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

The Guardian - UK

There are no good options at Thames Water. But temporary renationalisation is cleaner

Creditors may well succeed in their plea for lower standards, but at this point customers deserve to see some proper detail

The Guardian - UK

Thames Water lenders submit new rescue plan to avoid nationalisation

The London & Valley Water group of creditors has outlined plans to write off around £4 billion, or 25%, of the debt they hold in Thames Water.

Evening Standard

Thames Water creditors ask for up to 15 years’ leniency from river pollution rules

Lenders say a ‘full return to legal, regulatory and environmental compliance’ under new rescue plan would not be completed until at least 2035-2040

The Guardian - UK

Thames Water lenders propose new rescue deal to prevent collapse

London & Valley Water hope to eventually float Thames Water on the stock market after turning around the firm’s fortunes.

Evening Standard

Pennon to return to profitability despite pressure from summer heatwave

The South West Water owner said it expects earnings to increase by 60% year-on-year.

Evening Standard

UK public has paid £200bn to shareholders of key industries since privatisation

Analysis reveals ‘privatisation premium’ of £250 per household per year paid to owners of water, rail, bus, energy and mail services since 2010

The Guardian - UK

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The Guardian - UK

Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Independent UK

Surfing competition cancelled after raw sewage dumped into sea

Organisers of the English Interclub Surfing Championships say they were forced to call off the event after a red flag was raised following a sewage discharge into the sea

The Independent UK

The best and worst performing water companies revealed by watchdog

Household complaints to the Consumer Council for Water have surged to a nine-year high

Evening Standard

Household complaints to water watchdog soar to highest level in nine years

The increasing number of complaints comes amid the steepest bill rises since the privatisation of the industry.

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The Independent UK

Two major UK water companies to pay out £86m over wastewater spills

Ofwat said it found a ‘range of failures’

Evening Standard

Anglian and South West Water to pay out £86m over wastewater spills

Ofwat said failures by the firms to maintain storm overflows and their sewage networks were ‘unacceptable’.

The Guardian - UK

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

The Guardian - UK

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

The Independent UK

Thames Water unveil £20.5 billion action plan to revive struggling water firm

Thames Water is on the brink of nationalisation as it struggles under a mountain of debts

Evening Standard

Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

The Guardian - UK

English water firms spend £16.6m on legal fees over environmental breaches

MPs on Commons committee describe figures as a waste and say money should have been used to fix infrastructure

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