The Latest Breaking News from Thames Water

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Bosses at the watchdog Ofwat said the company’s failures led to ‘excessive spills from storm overflows’.

Future of Britain’s biggest water supplier in question as investor pulls out of turnaround plan

COMMENT: As the very public rescue deal for the ailing company collapses, James Moore warns that the government needs to get its hands dirty to clean up the water industry. This game of pass the buck isn’t doing anyone any favours...

At the despatch box, Conservative shadow environment secretary Victoria Atkins accused ministers of having “talked themselves out of” a rescue plan.

Even the New York firm that takes on the toughest challenges balked at London’s water supplier

The Government-commissioned review calls for reform of laws, regulation and company management and infrastructure.

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business.

Troubled utility has uncertain future after private equity giant pulls out of turnaround plan