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The Latest Breaking News from Ofwat

Thames Water’s biggest investor cuts value of its stake to zero

Writedown by Canadian pension fund Omers highlights growing financial crisis at utilities firm

The Guardian - UK

‘Someone is going to die’: MPs warned of E coli risk to swimmers in English waters

Clean river campaigner says pollution poses threat as Labour MP calls for water industry to be taken into public ownership

The Guardian - UK

The Guardian view on Britain’s dirty waterways: a failure of industry and regulation

Editorial: Fresh warnings about polluted rivers from the environment watchdog are shocking but not surprising

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

The right’s Brexit ‘bonfire of red tape’ was just wind and smoke. And even Tories want more regulation now

Despite the huffing of ideologues, the world has moved on. Voters and businesses are calling for more effective protections, says Guardian columnist Polly Toynbee

The Guardian - UK

Keir Starmer must flush away the stinking turd of Thatcher’s water privatisation

Letters: Ofwat is just going through the regulatory motions and Labour must act after the election, says Peter Timberlake. However, Bill Kingdom says public ownership is no panacea

The Guardian - UK

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general election

The Guardian - UK

Jacob Rees-Mogg is just posing as a GB News anchor, but Ofcom doesn’t care if we’re confused

Thanks to the watchdog’s liberal pre-election advice, drawling condescension will pass as impartiality

The Guardian - UK

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Tory duty on Ofwat protects profits over reducing sewage pollution, experts say

Campaigners fear growth duty will hamper water regulator’s ability to crack down on companies in poor financial state

The Guardian - UK

Thames Water’s extra £1.1bn will do little to steady the sinking ship

The debt-riddled firm has updated its five-year spending plans but still needs to convince the regulator and investors

The Guardian - UK

Thames Water warns it could hike bills by £200 a year to help cut sewage spills

Bill set to hit £627 by 2030 to pay for investment projects

Evening Standard

Thames Water could raise bills to £627 a year to help fix leaks

Embattled water supplier promises to invest up to £3bn more over the next five years

The Guardian - UK

Thames Water bills will still increase by 40% in updated business plan

The new plan comes at a time of serious questions over the future of the utility

Evening Standard

Thames Water-linked firm paid £14m in dividends despite concerns over group

Kennet Properties sells off Thames Water land, whose owner, Kemble Water, has warned it would not be able to pay a £190m loan

The Guardian - UK

‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

Campaigners call for the whole regulatory system to be replaced after Observer analysis finds watchdog spent more than £25m with consultancies

The Guardian - UK

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The Guardian - UK

‘Dirty secret’: insiders say UK water firms knowingly break sewage laws

Exclusive: Whistleblowers point to broader sewage scandal, with wastewater systems manipulated to divert sewage

The Guardian - UK

Thames Water nationalisation plan could move bulk of £15bn debt to state

Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money

The Guardian - UK

Thames Water to add to debt mountain in bid for survival

Exclusive: Board to release turnaround proposals on Friday amid uncertainty over future of UK’s biggest and most heavily-indebted water firm

The Guardian - UK

Thames Water break-up is a promising idea

It is unlikely that the company’s owners will invest more or it will be fully nationalised, but its structure needs a rethink

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The Guardian - UK

Thames Water has six weeks to agree survival plan with Ofwat

While the company believes it has cash to last 15 months, it will have to move fast to stave off insolvency

The Guardian - UK

Thames Water is everyone’s problem and time is running out to fix it

Ailing water company hopes higher bills can save it, but that depends on Ofwat agreeing its salvage plans are workable

The Guardian - UK

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

Evening Standard

OPINION - Thames Water wants to raise prices 40%, spill more sewage and not be fined - after lining shareholders' pockets

Early last year, regulator Ofwat at last woke up to the exploitation of the complex financial structures around our water companies. Holding companies had been allowed to borrow against water firms’ assets to increase dividends to shareholders.

The Guardian - UK

Look at the Thames and know the time for metaphors is over: our politics is drowning in effluent

It took a sewage-plagued Boat Race to do it, but people can now see the appalling state of England’s water industry and waterways, says Guardian columnist Marina Hyde

The Guardian - UK

The Observer view: there is still a way to save Thames Water from financial oblivion

The formation of a company solely dedicated to providing cheap, clean water is the best way out of this debacle

The Guardian - UK

What now for Thames Water as investors turn off the taps?

With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership

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