Thames Water's Rescue Deal Deadline
Update: 2025-12-03
Description
Thames Water, UKs largest water and waste company, faces a critical deadline to secure a rescue deal amidst a debt crisis. With nearly £20 billion in debt, the company is under pressure to agree on a plan with the government and regulators. A consortium of its main creditors has proposed a plan to inject new investment and write off a portion of the debt, but it has drawn criticism for more lenient performance targets. Despite the challenges, customers can expect uninterrupted water services, but complaints have surged due to bill increases.
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