Thames Water shareholders blame Ofwat as they pull funding
Thursday, 28 March 2024 Shareholders in troubled Thames Water have blamed Ofwat for not giving the "regulatory support" needed to help the company's turnaround plan.
Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter...
The Liberal Democrats have called for Ofwat to be scrapped and for a new powerful regulator to be created in its place. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Water regulator Ofwat has announced that household water bills in England and Wales will increase by an average £31 a year over the next five years. Chris Walters, Senior Director for the Price Review said the rise was necessary to pay for a record level of investment. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Communities Secretary Michael Gove brands the management of Thames Water a “disgrace”, insisting they should “carry the can” for any future investment, instead of consumers. Bosses at the..
Thursday, 28 March 2024
![Lib Dems call for Ofwat to be scrapped [Video]](https://video.newsserve.net/300/v/20241219/1396567986-Lib-Dems-call-for-Ofwat-to-be-scrapped.jpg)
![Regulator announces water bill increases [Video]](https://video.newsserve.net/300/v/20241219/1396566660-Regulator-announces-water-bill-increases.jpg)
![Minister: Thames Water management should carry the can [Video]](https://video.newsserve.net/300/v/20240328/1371202728-Minister-Thames-Water-management-should-carry-the-can.jpg)
