Campaigners say costly new funds will lead to higher bills, which company denies A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2. 4 bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household’s bills in interest alone.
A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5. 4 bn to keep it operating to autumn 2027. Continue reading...