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The Latest Breaking News from Ofwat

Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

The Independent UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

The Guardian - UK

Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told

Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem

The Guardian - UK

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Keir Starmer urged to act on water bill rises in England and Wales

Stephen Fry and other celebrities join unions and activists in calling on PM to launch review of water ownership

The Guardian - UK

The six most urgent problems facing the UK that Starmer’s new government needs to fix

Keir Starmer’s Labour party has won the UK general election in a landslide. Its huge majority should, in theory, give Starmer the clout to see through most of his political agenda. But in reality, the victory celebrations might prove short-lived, given the size of the challenges in front of him.

The Conversation

Renationalising water could fix sewage crisis – but no major party will do it

Privatised water companies discharged raw sewage into rivers and the sea around England and Wales for 3.6 million hours in 2023 – double the previous year’s total. For a sense of how bad the problem is today, check this map of the south-east of the UK which shows how much…

The Conversation

Thames Water accused of ‘chicanery’ over £150m dividend payment

Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat

The Guardian - UK

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Will rising debt cause Thames Water to sink under a Labour government?

The crisis-hit utilities company could quickly spoil the post-election mood for whichever party wins next week

The Guardian - UK

Thames Water board approved £150m payout hours before funding U-turn

Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company

The Guardian - UK

Bather, beware: British beaches and rivers have a sewage problem. It has seeped into election talk

Britain has become notorious as a place where a casual swim could lead to an extended visit to the toilet, if not the hospital

The Independent UK

Thames Water among six water firms sued for up to £1.5bn by billpayers over sewage discharges

Lawsuit could see payout against Thames Water of £159.1m if successful

Evening Standard

Can Labour clean up England’s dangerously dirty water?

Party has vowed to end sewage scandal if it wins power, but experts say it will have to act quickly and ambitiously

The Guardian - UK

General election TV Q&A: Sunak refuses to accept tax burden will definitely rise during next parliament – as it happened

This blog is now closed

The Guardian - UK

Severn Trent boss paid £3.2m despite firm’s fine for sewage spills in river

Liv Garfield’s pay included a £584,000 bonus despite firm’s £2m fine for spilling 260m litres of sewage into River Trent

The Guardian - UK

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Evening Standard

Sewage released into London's waterways for 12,000 hours in last year, City Hall finds

The figure is four times of that of the previous year, the mayor’s office has said

The Independent UK

Sewage pumped into river in picturesque Chilterns village for five consecutive days

Exclusive: Sewage discharged into brook feeding Ouzel river on the edge of Chiltern Area of Outstanding Natural Beauty

The Guardian - UK

Ofwat considers cutting sewage fines for financially struggling water firms

Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector

Evening Standard

Water firm sewage polluters 'will face criminal charges' under Labour government

Labour has pledged to put water firms under special measures and prosecute bosses if they continue to oversee the illegal dumping of ‘toxic filth’

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The Guardian - UK

BHP walks away from £39bn pursuit of Anglo American; Royal Mail agrees to £3.57bn takeover by Czech billionaire Daniel Křetínský – as it happened

Royal Mail’s parent company IDS agrees takeover offer but BHP’s pursuit of Anglo fails

The Independent UK

Ed Davey falls into Lake Windermere as he reveals Lib Dem plan to fix sewage crisis

Liberal Democrats want to abolish Ofwat and ban bonuses for water company chief executives

The Independent UK

Water watchdog to refuse suppliers’ requests to increase prices

Thames Water requested a bill increase of up to 59 per cent as it faces £15billion of debt, according to reports

The Guardian - UK

Tuesday briefing: ‘There are massacres everywhere’: what has happened since Rafah was struck?

In today’s newsletter: World leaders condemn strike on refugee camp that killed at least 45 people. Who were the victims and how will the conflict unfold from here?

The Guardian - UK

Ofwat poised to refuse most suppliers’ requests for big price rises

Water watchdog decision on bills in England and Wales delayed until after election, as Thames crisis looms

The Guardian - UK

Forget Thames Water, National Grid has proved investors will still back UK assets

The infrastructure company easily raised almost £7bn in a rights issue – because it has its balance sheet in order and plans to invest

The Independent UK

Water investors have withdrawn billions from private companies, analyst claims

Shareholder investment in top 10 water and sewage firms has decreased by £5.5bn since privatisation. while dividend payments have increased to £72.8bn

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