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INSANE: 18 | Rare Historical Photos

Friday briefing: What the crisis at Thames Water means for customers

In today’s newsletter: The UK’s biggest water company has faced fierce criticism after presiding over rising water bills and a sewage crisis – and now customers are facing a 22% increase in bills

The Guardian - UK

Ofwat accused of showing ‘contempt’ to customers over water bill price rises

Politicians and campaigners condemn charging proposals, as regulator puts Thames Water into special measures

The Guardian - UK

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

The Guardian - UK

From analysis to the latest developments in health,
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Water bills to rise by an average of £94 over 5 years - this is how your region will be affected

Everything you need to know about Ofwat's proposed water bill increases

Ideal Home

Water bills in England and Wales: how much more might you be paying?

The regulator is allowing different companies to put up prices by different amounts. Here’s what it will mean in your area

The Guardian - UK

Water bills increase announced as some set to pay hundreds more – check the rise in your area

Some customers could face bills of over £600 a year by 2029 – check how your area is affected

The Independent UK

Thames Water placed in special measures due to ‘significant issues’

Ofwat says UK’s biggest water company will come under extra scrutiny as it faces prospect of restructuring or temporary renationalisation

The Guardian - UK

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Rise of £94 in water bills over five years is ‘bitter pill’, says chancellor

Customers in England and Wales to pay an extra £19 each year on average as firms raise money to tackle sewage and leaky pipes

The Guardian - UK

Water bills to rise by average of £94 over next five years in England and Wales

However, some regions will see greater increases – with Southern Water bills rising by £183, or 44 per cent

The Independent UK

Environment secretary says water bill rises ‘result of years of failure,’ utilities sign up to reforms – as it happened

Clean water campaigner Feargal Sharkey accuses Ofwat of ‘utter disregard for customers and environment;’ US inflation falls more than expected to 3%

The Guardian - UK

Thames Water bills to shoot up by almost £100 over the next five years

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

Evening Standard

Do not let Thames Water’s bondholders wriggle off the hook

Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills

The Guardian - UK

Thames Water fails to complete 108 upgrades to ageing sewage works

Exclusive: Fears customers will end up paying twice for work needed in order to comply with legal pollution limits

The Guardian - UK

Cheap sales, debt and foreign takeovers: how privatisation changed the water industry

Familiar concerns over bosses’ pay, prices and borrowing emerged in the utilities’ early years in private hands, with UK dubbed the ‘dirty man of Europe’

The Guardian - UK

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The Guardian - UK

Rise in sewage pollution from Thames Water’s ageing treatment works

Incidents from sites and pipe network increased by 19 last year to 350 amid delays in investment, company says

The Independent UK

Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

The Guardian - UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

The Guardian - UK

Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told

Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem

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The Guardian - UK

Keir Starmer urged to act on water bill rises in England and Wales

Stephen Fry and other celebrities join unions and activists in calling on PM to launch review of water ownership

The Conversation

The six most urgent problems facing the UK that Starmer’s new government needs to fix

Keir Starmer’s Labour party has won the UK general election in a landslide. Its huge majority should, in theory, give Starmer the clout to see through most of his political agenda. But in reality, the victory celebrations might prove short-lived, given the size of the challenges in front of him.

The Conversation

Renationalising water could fix sewage crisis – but no major party will do it

Privatised water companies discharged raw sewage into rivers and the sea around England and Wales for 3.6 million hours in 2023 – double the previous year’s total. For a sense of how bad the problem is today, check this map of the south-east of the UK which shows how much…

The Guardian - UK

Thames Water accused of ‘chicanery’ over £150m dividend payment

Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat

The Guardian - UK

Will rising debt cause Thames Water to sink under a Labour government?

The crisis-hit utilities company could quickly spoil the post-election mood for whichever party wins next week

The Guardian - UK

Thames Water board approved £150m payout hours before funding U-turn

Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company

The Independent UK

Bather, beware: British beaches and rivers have a sewage problem. It has seeped into election talk

Britain has become notorious as a place where a casual swim could lead to an extended visit to the toilet, if not the hospital

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