The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn debt-pile.
Water firms have accrued £54bn in debt since privatisation – but paid out dividends to shareholders of £66bn, according to an analysis by The Guardian newspaper last year.
Read more on this here – https://news.sky.com/story/ministers-weigh-contingency-plan-for-collapse-of-thames-water-12910760
#thameswater #whitehall #ofwat
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