Thames Water creditors to vote on emergency £2.4bn loan as cash runs low
Campaigners say costly new funds will lead to higher bills, which company deniesA 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…
Campaigners say costly new funds will lead to higher bills, which company deniesA 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…
Source: The Guardian World — Original report ↗
WorldLine News is displaying a source-attributed brief. Details may evolve. The linked publication is responsible for its original reporting.