After weeks of hearings in the High Court, a £3 billion funding plan for Thames Water has been approved as part of a loan deal agreed internally last year.
Thames Water also requested last week that Ofwat allows it to raise consumer bills over the next five years by more than the 35% it previously granted.
The deal was approved in the High Court on Tuesday, which would give bosses at the London water company time to find a permanent source of funding.
Thames Water’s plans for a £3 billion loan have been approved by a judge, designed to prevent it from going bust in the near future.
Meanwhile, many bosses, including those at Thames Water, have still been given large bonuses in the last year.
