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UK’s biggest water company seeks court approval for emergency funding to prevent nationalization

  • Thames Water is seeking court approval for a £3 billion loan to avoid running out of cash by March, as reported by Simon Jack, Business Editor at BBC News.
  • The company faces potential temporary nationalization if it fails to secure the loan, which could cost the government £2 billion annually.
  • Thames Water is considering appealing a 35% bill increase approved by Ofwat, which is less than the 53% it requested, according to the text.
  • Water campaigners have criticized the loan terms and called for intervention from Environment Secretary Steve Reed to block it, highlighting ongoing financial uncertainty.
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Oxford Mail broke the news in Oxford, United Kingdom on Sunday, February 2, 2025.
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