Thames Water on the brink of collapse sends warning of Three Waters debt risk
The English water utility uses the same highly leveraged financing structure as proposed for Three Waters. Crippled by £14 billion of debt it now faces imminent insolvency or renationalisation.
Yesterday news broke that the UK’s biggest water supplier, Thames Water, is on the brink of financial collapse under the weight of £14 billion of debt. The utility provides water to 15 million peopl…
Keep reading with a 7-day free trial
Subscribe to Cranmer’s Substack to keep reading this post and get 7 days of free access to the full post archives.