Thames Water asks creditors for £2.4bn to avoid collapse

· Politics · United Kingdom

Thames Water has asked its creditors for another £2.4bn as the embattled water company comes close to running out of cash. The UK's largest water company said it needed another short-term cash injection to avoid going bust this year or early 2027. It told creditors it will not survive long enough to agree a refinancing deal without more money. The crisis raises questions about the UK's privatized water sector.

Why it matters：The potential collapse of Britain's largest water utility could disrupt service for millions and test the viability of privatized infrastructure.

Key points

  • Thames Water asked creditors for another £2.4bn
  • The company said it will not survive without more short-term cash
  • It could run out of money this year or early 2027

Sources (original reporting)

More stories from this day