Thames Water is in trouble. Britain’s biggest water utility, which provides essential water and sewerage services to around a quarter of the population in England, says it does not have enough cash to last the next 12 months.
And there is no guarantee it will be able to raise more. The regulator put it into special measures on Thursday.
South East Water also said this week that it needs cash from shareholders to stay afloat, while the regulator said it is keeping a close watch on Southern Water, which also has strained finances and failing infrastructure — including sewage outflows at popular seaside resorts.
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