'Unfortunate truth': Thames Water boss warns bills will have to go up
Wednesday, 12 July 2023 A boss at troubled Thames Water has warned that bills will have to go up across the country if the industry is to meet its investment challenges despite anger over its business models .
The head of Thames Water has said customers should expect their bills to go up next year as the struggling supplier upgrades its ageing infrastructure. Joint-interim CEO Cathryn Ross made the warning as she faced MPs at an Environment Food and Rural Affairs Committee meeting on Wednesday. It comes as...
Representatives of Thames Water's multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the.. Sky News
Communities Secretary Michael Gove brands the management of Thames Water a “disgrace”, insisting they should “carry the can” for any future investment, instead of consumers. Bosses at the company have admitted the firm could face the risk of emergency nationalisation as its funding crisis deepened – after shareholders refused to give the troubled utility giant extra cash. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Wednesday, 12 July 2023
![Minister: Thames Water management should carry the can [Video]](https://video.newsserve.net/300/v/20240328/1371202728-Minister-Thames-Water-management-should-carry-the-can.jpg)
![Chancellor: Treasury will monitor Thames Water carefully [Video]](https://video.newsserve.net/300/v/20240328/1371182628-Chancellor-Treasury-will-monitor-Thames-Water-carefully.jpg)
