Live, rolling coverage of business, economics and financial markets as struggling UK water company says it needs more money for investment.
Thames Water has said it will appeal to the UK’s competition regulator to ask to raise bills even higher than previously granted, a in a move likely to prove controversial with politicians and campaigners.
After careful consideration, our analysis shows that our final determination for the next regulatory period will continue to impact our ability to fund the improvements our customers and the environment so rightly want and deserve.
We put forward a realistic business plan for 2025-2030 that addressed our customers’ and stakeholders’ priorities such as providing safe and resilient water supplies and improving performance.
We are focused on putting the business on a long-term stable footing so we can succeed in our turnaround, and build and maintain an infrastructure that supports growth and can withstand the effects of climate change.
