The campaigners are calling for the water company to be put into public ownership.
Thames Water 3 billion pound loan decision, London, England, Uk - 18 Feb 2025] Thames Water said it would completely run out of money by March 24 if it had not been given the loan.
Thames Water 3 billion pound loan decision, London, England, Uk - 18 Feb 2025] Thames Water is essentially borrowing its way out of its own financial problems, something Matthew Topham, Lead Campaigner at We Own It, says will only help in the short-term.
October 2024 – Thames Water proposed a deal to raise a loan of up to £3bn that would enable it to survive until October 2025, while increasing the company’s debt to £17.9bn by March 2025.
August 2024 – Thames Water warned its continued survival required it to increase water bills by 59% over a five-year period, rejecting the £19/year cap proposed by Ofwat.
