Debt-laden utility giant Thames Water is in a frantic race to secure £1 billion and fend off its collapse, amid reports it might have to be taken over by the taxpayer. The firm, which serves 15 million people and is Britain’s biggest water supplier, is a staggering £14 billion in debt and is reportedly onContinue reading “Thames Water Is On The Verge Of Collapse”
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For Sewage Spills, Water Companies Are Set To Avoid ‘Disproportionate’ Fines Of £250 Million
Water companies are set to evade fines of up to £250 million for spilling sewage into rivers and seas. Environment Secretary Therese Coffey is understood to believe the fines are disproportionate. Ministers last year pledged a rise in the maximum penalties from £250,000 following persistent spills, but Therese Coffey is said to have declined toContinue reading “For Sewage Spills, Water Companies Are Set To Avoid ‘Disproportionate’ Fines Of £250 Million”