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EXPLAINED: 20 - The Real Truth

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

England vs Spain Euro 2024 final tickets scramble ...The Standard podcast

Plus, why is Thames Water increasing our bills?

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

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

OPINION - The Standard View: Biden must accept reality: he can’t win

It has taken actor George Clooney to articulate the truth that most Democrat political leaders won’t: Joe Biden must go. In an article in the New York Times, he said the Biden he met recently was not the Biden of 2010 — “he wasn’t even the Joe Biden of 202…

Evening Standard

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

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

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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

Debt, sewage and dividends: the rising tide of Thames Water’s troubles

In the second part of our focus on the water industry, we chart the decline of one of the UK’s major utility companies, now on the brink of restructuring or renationalisation

The Guardian - UK

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

Thames Water blames climate change after sewage discharge into rivers doubles

Firm under fire as it admits huge increase in pollution as it pushes for 59 per cent bill hike and pays out £195million to shareholders

Evening Standard

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 Guardian - 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 Independent UK

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The Guardian - UK

Dyson to cut 1,000 jobs in the UK; chancellor launches national wealth fund –as it happened

Rachel Reeves says ‘Britain is open for business and the work of change has begun’

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

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

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The Guardian - UK

Thames, Tata, Shein – it won’t be business as usual for Labour’s Jonathan Reynolds

The new business secretary will have big calls to make within a few days of sitting down at his desk

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 Guardian - UK

Chalfont St Giles: why one of England’s best-kept villages absolutely stinks

The village has been voted the most shipshape in Buckinghamshire six times. But a terrible smell has forced it to withdraw from this year’s competition

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

International Business Times

E.coli Warning Before UK's Henley Regatta

UK water quality campaigners warned on Friday of "very high E.coli" levels in the River Thames west of London, just days before rowers were due to take part in the Henley Royal Regatta.

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