Thames Water boss warns of 'unfortunate truth' bills will have to rise to fund infrastructure improvements

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Thames Water boss warns of 'unfortunate truth' for bills ahead

They have been made more difficult in recent times by rising interest rates, energy and chemicals bills.

Ms Ross admitted that Thames was currently prevented from imposing the charges it would have liked to due to the fact it was under an Ofwat penalty over its past performance.

Alastair Cochran, the other interim joint chief executive of Thames, told the Environment, Food and Rural Affairs Committee:"I was brought in with a whole new executive team to turn around this business.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thames Water: Warnings London may face water rationing 'imminently'A leading environmentalist tells City Hall streams that provide London with water are drying up.
Source: BBCScienceNews - 🏆 87. / 53 Read more »

What Thames Water's £750m cash injection means for your bills💧 Thames Water continues to make financial losses and still faces an uncertain financial future, in spite of the lifeline from shareholders BenGartside explains what Thames Water’s £750m cash injection means for your bills ⬇️
Source: i newspaper - 🏆 8. / 89 Read more »

Thames Water: capitalist cistern cracked by implicit contradictions\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Source: ftenergy - 🏆 47. / 63 Read more »

Thames Water secures additional £750m from shareholders and rules out nationalisationThe under-pressure water firm remains well short of the additional funds it is seeking to shore up its finances, but it argues there is no immediate threat to its model.
Source: SkyNews - 🏆 35. / 67 Read more »

Thames Water: capitalist cistern cracked by implicit contradictions\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Source: FT - 🏆 113. / 51 Read more »

UK's Largest Water Supplier Raises £750M In Race To Avoid Collapse | OilPrice.comDebt-laden Thames Water has raised £750 million in equity funding from shareholders to stave off nationalisation and alleviate its £14 billion debt.
Source: OilandEnergy - 🏆 34. / 68 Read more »