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Water Bills to Rise for Millions in England
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Millions of households in England are set to experience an increase in their water bills following successful appeals by water suppliers. Companies like Anglian, Southern, Wessex, and South East Water will be raising prices. This comes as Thames Water, one of the UK's largest water companies, is reportedly considering a new £10 billion rescue plan to address its financial challenges.Articole despre acest subiect
Foto: The Guardian
Millions in England to pay higher water bills after suppliers appeal
Anglian, Southern, Wessex and South East allowed to raise charges more than originally allowed by watchdogBusiness live – latest updatesMillions of households in England will pay even higher water bills than previously expected, after the competition regulator gave its final verdict on industry spending plans for the coming years.Five water companies had appealed to the Competition and Markets Authority to let them raise bills higher than was initially allowed by Ofwat, the industry watchdog. On
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Foto: The Guardian
Thames Water lenders float new £10bn rescue plan
Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapseBusiness live – latest updatesThames Water’s lenders have put forward a £10bn rescue plan that would involve paying off the troubled water company’s hundreds of millions of pounds-worth of fines for leaks and pollution, as part of an effort to stave off financial collapse.A group of private equity firms and investment groups said they would inject about £3.35bn of cash into
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