Thames Water may get just £500m in usable cash by borrowing £1.5bn, court told

https://www.theguardian.com/business/2025/feb/06/thames-water-may-have-less-than-500m-in-usable-cash-despite-15bn-in-emergency-debt-court-told

by F0urLeafCl0ver

4 comments

  1. It is absolutely insane – someone needs to pull the rug under these parasites and stop the situation escalating even further.

  2. Just seize the CEO/boards assets. It’s all stolen anyway

  3. So we are just allowing them to walk away with 1bn without anyone seeing any form of repercussions?

    I’m sorry but this is an opportunity for the government to show it has some balls…. do *something* ffs.

    Someone, or a group of people have to be accountable and drastic measures need to be taken to make an example of what will happen to these privately owned public service scammers going forwards.

    Laws need to be tightened, rules need to be put in place, boundaries determined, punishments defined. We cannot have something as critical as our water supply left to rot while they crank up the bills regardless.

  4. Just how badly was something that should have been in public ownership ran?

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