Appeal court rules in favour of £3bn bailout for Thames Water.
‘deal will give company £1.5bn in cash from creditors … plus up to £1.5bn more .. to … increase bills by > 35% allowed by the industry regulator … Ofwat’
Not an outcome I was hoping for at all. You?
https://www.theguardian.com/business/2025/mar/17/appeal-court-rules-in-favour-of-3bn-bailout-for-thames-water
‘deal will give company £1.5bn in cash from creditors … plus up to £1.5bn more .. to … increase bills by > 35% allowed by the industry regulator … Ofwat’
Not an outcome I was hoping for at all. You?
https://www.theguardian.com/business/2025/mar/17/appeal-court-rules-in-favour-of-3bn-bailout-for-thames-water
Comments
Of course that's very expensive, but aren't taxpayers going to be footing huge bills for Thames Water for years to come?