Calls for inquiry into appointments of Ofwat chairs past and present Campaigners raise concerns about water industry links as Lib Dems say watchdog should be abolished The Guardian - UK · Jul 12, 2023
British water privatisation offers cautionary tale Bills are never popular. They're especially unwelcome when it comes to paying for something that falls from the sky. Unfortunately, as Britain's water systems struggle under financial mismanagement and the pressures of climate change, higher water costs are something consumers are all going to have to swallow. Bangkok Post · Jul 10, 2023
Thames Water still faces slow drip over funding Monday’s announcement is not a ‘major milestone’ – choppy waters remain, such as the price review The Guardian - UK · Jul 10, 2023
Inside the capital’s water crisis — are Londoners’ taps about to run dry? After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates Evening Standard · Jul 10, 2023
Thames Water’s former CEO handed half a million pounds as higher bills help keep it afloat Shareholders put in another £750 million to heavily indebted company Evening Standard · Jul 10, 2023
How to save money on your water bill Households could see their water bills rise next year as providers aim to tackle sewage spills and meet environmental requirements. The Week · Jul 5, 2023
Ofwat boss denies water industry badly regulated as he predicts higher bills David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently The Guardian - UK · Jul 5, 2023
Rail firms unveil plans for mass closure of England’s ticket offices to ‘modernise’ railway – as it happened Plans will ramp up battle with unions; boss of water watchdog says higher water bills are coming to fund infrastructure improvements The Guardian - UK · Jul 5, 2023
Private equity is failing water companies again. Get these firms back on the stock market Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes The Guardian - UK · Jul 5, 2023
England’s water firms should pay to fix illegal discharges, high court to hear WildFish charity says £56bn plan to reduce sewage dumping from storm overflows is illegal because it expects customers to foot bill The Guardian - UK · Jul 4, 2023
Thames Water shareholder gives backing to crisis-hit firm USS support for turnaround plan comes as water company buckles under £14bn debt burden The Guardian - UK · Jul 2, 2023
Exclusive: UK water giants recruit top staff from regulator Ofwat Demands for an end to the ‘revolving door’ as ex-Ofwat directors are hired by key firms The Guardian - UK · Jul 1, 2023
Water privatisation was right, says Michael Howard amid debt concerns Tory peer says in light of Thames Water troubles that firms should not have been allowed to borrow so much The Guardian - UK · Jul 1, 2023
Sadiq Khan: Thames Water crisis proves ‘privatisation hasn’t worked’ The mayor criticised the monopoly enjoyed by the company and claimed the Government had failed to regulate it Evening Standard · Jun 30, 2023
The Conversation · Jun 30, 2023 How Thames Water came to be flooded with debt – and what it means for taxpayers Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.
The Independent UK · Jun 30, 2023 Thames Water crisis explained as utility giant serving 15m people faces collapse The utility giant is struggling under a £14 billion debt pile
The Guardian - UK · Jun 30, 2023 In charts: how privatisation drained Thames Water’s coffers Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation
Birmingham Post · Jun 30, 2023 United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis United Utilities recently agreed to hand more than £300m to its shareholders
Daily Mirror · Jun 29, 2023 Bosses at nine water firms pocketed £13million last year - while YOU face higher bills It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis
The Guardian - UK · Jun 29, 2023 Thames Water could delay accounts as turmoil in water industry grows Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat
The Guardian - UK · Jun 29, 2023 Ministers must get a grip: no bailout for Thames Water’s backers Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook
Evening Standard · Jun 29, 2023 Who owns Thames Water? Firm in High Court battle against administration Company needs up to £3bn to stay afloat
Nottingham Post · Jun 29, 2023 The five debt-riddled water companies that regulator Ofwat is most worried about There are fears about other companies alongside troubled Thames Water
Wales Online · Jun 29, 2023 The five water companies that regulator Ofwat is most worried about There are fears about other companies alongside troubled Thames Water
Daily Mirror · Jun 29, 2023 Water firms face staggering £60 BILLION debts amid Thames Water collapse threat Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt