The Government is preparing “contingency arrangements” to ensure that millions of homes do not lose access to water in the event that Thames Water fails, a Cabinet minister confirmed HugoGye and ChaplainChloe report
The Government is preparing “contingency arrangements” to ensure that millions of homes do not lose access to water in the event that Thames Water fails, a Cabinet minister confirmed.increase household bills by up to 40 per centThames Water is reported to be struggling to finance its £14bn debt pile following the rise in interest rates and greater regulatory obligations, prompting emergency talks between the Government and regulator Ofwat about whether a bail-out might be needed.
Children’s minister Claire Coutinho told Sky News: “I certainly think there are water companies like Thames Water which are in difficult positions, but I think our position as Government is to make sure that we have the right policies in place to see consumers protected but also that we’re dealing with things which are really important to the country, like dealing with the sewage leaks.”
The chairman of the National Infrastructure Commission warned it was “probably not unrealistic” for household water bills to rise by as much as 40 per cent by the end of this decade.
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