Campaigners say costly new funds will lead to higher bills, which company denies

A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household’s bills in interest alone.

A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027.

So, this is Andy Burnham's solution to soaring energy prices: nationalisation and relitigating the 1970s. It's just a shame, says Ben Pile, that energy was far cheaper under Thatcher than in our Net Zero era.

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