United Kingdom Providers

Thames Water asks creditors for more time to help repay £20bn debt pile

11/9/2026, 10:32:43 AM

Share:WhatsApp Facebook X (Twitter)Telegram

Thames Water asks creditors for more time to help repay £20bn debt pile — Photo / Coverage: Guardian PoliticsCredit: Lauren Almeida

EXECUTIVE SUMMARY

Troubled utility lobbies for deadline on part of the debt to be extended to March 2028 Thames Water has asked its creditors for more time to pay back billions of pounds in debt, as the water company scrambles to keep itself afloat. The UK’s largest water company said it had proposed an “interim” deal under which the deadline to pay off an unspecified portion of the £20bn of debt on its balance sheet would be extended from 2027 to March 2028. Continue reading...

Key Takeaways

Thames Water asks creditors for more time to help repay £20bn debt pile.

Troubled utility lobbies for deadline on part of the debt to be extended to March 2028Thames Water has asked its creditors for more time to pay back billions of pounds in debt, as the water company scrambles to keep itself afloat.The UK’s largest water company said it had proposed an “interim” deal under which the deadline to pay off an unspecified portion of the £20bn of debt on its balance sheet would be extended from 2027 to March 2028. Continue reading...

Share:WhatsApp Facebook X (Twitter)Telegram

Read Complete Original Article

Published originally on Guardian Politics

Visit Publisher Site →

Related News

🇬🇧 United Kingdom

Politics2h ago

Polanski says Labour has ‘shocking record’ on climate issues as ministers expected to cut EV targets for car industry – UK politics live

Louise Haigh is expected to agree to cut a target for EV sales by about a quarter Good morning. Monday is often the busiest day of the week at Westminster but, with the Commons still enjoying a mini November recess, today is looking a bit quiet. Andy Burnham is on a visit to a hospital this morning and he wants to talk about a £40m programme in England to try to keep vulnerable patients out of hospital. The Department of Health and Social Care has the details here, and Andrew Gregory explains it

Guardian Politics

Politics5h ago

British people don’t trust Palantir – it’s not too late to reverse the NHS’s dependence on it | Ben Coleman

We can’t allow our health data to be locked into the control of a US tech firm. It won’t be easy, but next spring the job of clawing it back must begin Ben Coleman is Labour MP for Chelsea and Fulham and a member of the health and social care committee Next March, Palantir’s £330m contract to run NHS England’s federated data platform (FDP) ends. Ministers must decide by Christmas whether to extend it. They should move on from Palantir, and transition to new suppliers that put the NHS in full con

Guardian Politics

Politics5h ago

From stockpiling to being polite to ChatGPT: Edith Pritchett’s week in Venn diagrams – cartoon

Guardian Politics

Politics6h ago

Burnham’s homelessness pledge to ‘get everyone in for Christmas’ in jeopardy

Minister says Labour hoping to offer bed to every rough sleeper in England but cites chronic housing shortage Andy Burnham’s pledge to tackle rough sleeping by getting “everyone in for Christmas” is in jeopardy amid rising numbers of people on the streets and a severe housing shortage. Official figures show an increase of nearly 1,000 people sleeping rough in England between January and June, the latest month for which figures are available. Continue reading...

Guardian Politics

Multikhabar App

All Information In One Place

Real-time headlines from trusted sources. Get the app now — stay updated, inspired, and ahead with breaking news!