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Thames Water nearing the cliff edge.
- Thread starter JohnD
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This'll please Jonny boy.
www.bbc.co.uk
Thames Water secures £3bn lifeline after court ruling
The UK's largest water and waste company was set to run out of money by the end of March.
www.bbc.co.uk
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I doubt it will please many Thames Water customers.This'll please Jonny boy.
Thames Water secures £3bn lifeline after court ruling
The UK's largest water and waste company was set to run out of money by the end of March.
Not when (if I heard R5L correctly today) TW have been reportedly successful in overturning the 35% cap on increasing their customer bills.
Still, Mottie must think that is a small price to pay, to stick it to JohnD
Still, Mottie must think that is a small price to pay, to stick it to JohnD
We're a Thames water customer. Just the sewage though, we get our water from Essex and Suffolk. I can’t praise them highly enough - they did £80k of sewerage work to my house last year - I’m well pleased.Not when (if I heard R5L correctly today) TW have been reportedly successful in overturning the 35% cap on increasing their customer bills.
Still, Mottie must think that is a small price to pay, to stick it to JohnD
Looking after number 1.As long as you are alright then
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£585 increase over the next 3 years I read todayNot when (if I heard R5L correctly today) TW have been reportedly successful in overturning the 35% cap on increasing their customer bills.
Still, Mottie must think that is a small price to pay, to stick it to JohnD
Our water and sewerage charges are going up 24%. Currently paying £50 a month and it’s going up to £62 in April. We're on a meter now but in April when it goes up, we'll be paying the same as we were 4 years ago when it was unmetered.
And you are happy with that regardless of your claim your bill stays the same?
Plenty of others won't be happy...
Of course the shareholders and the bosses of the water companies will be...
Getting more free taxpayers money without questions asked...
But then you are no stranger to that concept...
What comes around goes around, eh?
Yep. No problem at all. A few years back and I’d have been paying that £80k bill. Because it blocked up, I got back every penny I paid them in that year. Happy days. How much are your water rates next year compared to how they were 4 years ago? What water authority did you say you were under or is that too personal a question for you?
Thames Water: Inside the crisis is a two-part documentary by Barnaby Peel. He was granted access for six months, with the company facing an ever-shortening “liquidity runway”, as the CEO, Chris Weston, insists on calling it. This means that, with an operating profit of about £140m a year and debts of £15bn, largely accrued during the happy days of 2006-17, when £2.7bn was paid out in dividends while debt tripled, the company will run out of cash by June 2025* unless a quick way is found to turn all that red black. We follow Weston and his team as they try to persuade the regulatory body, Ofwat, that the best means of doing this is to raise customer bills by up to 53%.
*A £3bn rescue package was announced yesterday.
*A £3bn rescue package was announced yesterday.
