Thames Water thrown cash lifeline to survive into 2025

Published On Oct 25, 2024, 3:30 AM

Thames Water, the largest water utility company in the UK, has secured a £3 billion loan to remain operational until October of next year. This financial support comes due to concerns that the company might exhaust its funding by Christmas, amidst mounting debts and speculation of a government takeover. Moreover, Thames Water is planning to raise its customer bills significantly—proposing an increase of up to 59% between 2025 and 2030, much higher than a previously suggested 23%.