Thames Water lenders propose new £10bn rescue plan

A group of financial executives discusses a rescue plan for Thames Water in a conference room, highlighting the urgency of addressing the company's financial crisis.

The proposed rescue plan, which was floated in early October 2023, aims to stabilize the company’s finances while ensuring continued water supply and infrastructure investment. Key stakeholders, including major lenders and government officials, are closely monitoring the situation, as the implications of Thames Water’s financial health extend beyond the company itself, affecting millions of customers … Read more