Jul 12, 2023
Thames Water: nationalisation is not the way forward says new chairman
Thames Water's new chair has said nationalisation is not the right way forward despite the regulator warning the company has "Deep-rooted" problems. Thames Water has faced criticism over sewage discharges and leaks and is struggling under £14bn debts. Thames Water has secured a £750m cash injection from its shareholders. There has been speculation that if Thames Water failed to secure fresh funds it could be temporarily taken over by the government until a new buyer is found, in what is called a special administration regime. Thames Water serves a quarter of the UK population across London and parts of southern England.
Related companies
Make a complaint about Ofwat or Thames Water by viewing their customer service contacts.
