15 April 2026Top Stories
Thames Water investor calls for administration
A major Thames Water investor wants to pull the plug and send the utility into administration rather than fund another bailout. This isn't panic — it's cold calculation that the £15bn debt burden will only get worse as Ofwat tightens the screws on bill increases. Administration would wipe out equity holders but protect the essential service under government control. The investor is betting taxpayers will foot the bill rather than let 16 million customers lose water supply. They're probably right.
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