Thames Water, which was due to run out of money, has been given a lifeline after a £3bn loan was approved by the High Court.
It will receive an initial tranche of £1.5bn to fund it until September 2025.
The loan will ward off nationalisation, giving the UK’s biggest water provider time to sort out its finances.
Read more: https://news.sky.com/story/thames-water-debt-lifeline-approved-by-high-court-13311763
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