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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

EXPLAINED: Thames water could be blocked from new debt financing next week | Vintage Vibes

Thames Thames Water Ofwat
Thames Water logo on protective fencing around pipe work
Thames Water, which has 8,000 employees and 16 million customers, has more than £15bn of debts. Photograph: Leon Neal/Getty Images

Thames Water has said it could be blocked from raising new debt as early as next week, as the struggling water company fights for its survival.

The debt-laden company, which is facing the prospect of a temporary nationalisation if it collapses, has until 7 October to agree an extension to much-needed financing, according to accounts for its holding company.

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