Channel 4 News
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UK water company £3bn bailout an 'injustice’ say campaigners
Posted
February 18, 2025
Views
13,159
Likes
242
Comments
144
Engagement
2.93%
February 18, 2025
13,159
242
144
2.93%
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4:29Now PlayingIt might be the UK's biggest water company with 16 million customers and eight-thousand employees, but Thames Water also has debts in excess of 19 billion pounds.
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It faced going under next month unless it was allowed to borrow more money and today a high court judge ruled that it would be allowed to do that while it seeks new investors.
But water campaigners are furious, saying those lending money to Thames Water will pocket hundreds of millions in fees and interest charges.
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