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The Independent UK
The Independent UK
National
Matt Mathers and Alastair Jamieson

DARK SECRETS: Emergency plans drawn up for thames water collapse as water firm racks up 14bn debt | Rare Historical Photos

thameswater.jpg

Contingency plans are being drawn up for the collapse of England’s largest water supplier amid fears of a multi-billion taxpayer bailout.

Ministers and regulator Ofwat have started talks about putting Thames Water into special administration. The company, which serves 15 million customers – about 27 per cent of the population – has debts of £14bn.

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