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The Latest Breaking News from Ofwat

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

The Guardian - UK

‘Fundamental reset’ needed for UK’s water industry – report

The Independent Water Commission has called for a ‘strengthening’ of Ofwat’s regulatory role.

Evening Standard

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

Good news at last for wild swimmers? UK water company bosses hit with record £123m fine after 'failing to protect the environment', polluting rivers and lakes with raw sewage

Following two investigations, the largest water company in the UK has been slapped with the penalty for polluting rivers and for paying out cash to investors while failing customers

Advnture

Thames Water fined record £123m over sewage breaches and dividend payments

Regulator Ofwat said Thames had ‘let down its customers and failed to protect the environment’ as it issued the water industry’s biggest ever fine.

The Independent UK

Why was Thames Water fined? London utility company to pay £123m

Thames Water has been hit with a record fine due “to a significant breach of the company’s legal obligations”

Evening Standard

"I would rather see less sh*t being pumped into our rivers." As water bosses are fined £123million for pollution failures and questionable pay outs, we look at how AI water monitoring could help wild swimmers stay safer

The new tech is proving successful in helping swimmers assess the risk of getting sick from bacteria-polluted water but campaigners say it isn't enough

Advnture

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Britain's biggest water firm hit with record fine over sewage and dividends

Britain’s biggest water company has been fined almost 123 million pounds or $166 million for releasing sewage into rivers and streams while paying dividends to its shareholders

The Independent UK

UK politics: minister defends Labour’s justice record after warnings of threat to public safety – as it happened

Housing minister says previous government left prison system in state of ‘criminal neglect’ amid warnings over early release plan

The Guardian - UK

Thames Water hit with £123m of fines over sewage and dividend breaches

As Ofwat imposes record fine for environmental failing, minister says ‘era of profiting from failure is over’

The Guardian - UK

Water company given largest penalty ever by Ofwat

IN FULL

The Independent UK

Thames Water hit with record £123m fine from watchdog

Ofwat issues largest ever penalty to water giant after two investigations into wastewater and dividend payments

The Independent UK

Thames Water hit with biggest ever fine of £122.7m over pollution and dividends

Regulator Ofwat said the utility giant ‘failed to protect the environment’ and issued the combined penalty as part of two separate investigations.

Evening Standard

Thames Water hit by record £123 million fines over "betrayal of customers"

Huge penalties relate to “systemic” wastewater failures and breaches of rules over dividend payments

Evening Standard

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The Guardian - UK

Heathrow ‘responded well’ to power outage, review finds; Ofwat fines Thames Water £123m – as it happened

‘The evidence confirms that Heathrow made the right decisions in exceptionally difficult circumstances,’ Ruth Kelly finds

Evening Standard

Why has inflation jumped higher and what does it mean for households?

Official figures showed inflation hit 3.5% in April, up from 2.6% in March and the highest since January 2024.

The Guardian - UK

Thames Water’s arrogance over retention bonuses is breathtaking

Government and Ofwat unlikely to revive scheme handing out ‘very substantial’ payments for remaining on payroll

The Guardian - UK

Thames Water chair could face questions after comments to MPs on bonuses

Exclusive: Sir Adrian Montague told select committee paying bonuses out of emergency £3bn loan was insisted upon by creditors

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The Guardian - UK

Brecht’s answer to Beckett’s question

Letters: The Solution | Thames Water bonuses | Ofwat fines | Football shirts

Evening Standard

Thames Water bosses could have bonuses blocked next month

The Water (Special Measures) Bill gives regulator Ofwat the power to ban bonuses when performance falls short.

The Guardian - UK

Ministers to block Thames Water paying bosses bonuses out of emergency loan

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

The Guardian - UK

A torrent of special pleas from Thames Water

Company hopes to win big compromises from regulators to get its financial restructuring over the line

The Guardian - UK

MPs should not accept any murky answers from Thames Water chair on potential sale

Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings

The Guardian - UK

Average water bills likely to hit £2,000 a year by 2050, says Ofwat

Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiry

The Independent UK

Regulators have failed to deliver trusted and resilient water sector – watchdog

Consumer trust in the sector is at an all-time low, the National Audit Office found.

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