The Latest Breaking News from Thames Water

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

In the second part of our focus on the water industry, we chart the decline of one of the UK’s major utility companies, now on the brink of restructuring or renationalisation

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

Rachel Reeves says ‘Britain is open for business and the work of change has begun’

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem

Stephen Fry and other celebrities join unions and activists in calling on PM to launch review of water ownership

The new business secretary will have big calls to make within a few days of sitting down at his desk

Keir Starmer’s Labour party has won the UK general election in a landslide. Its huge majority should, in theory, give Starmer the clout to see through most of his political agenda. But in reality, the victory celebrations might prove short-lived, given the size of the challenges in front of him.