Ofwat denies shareholder demands for higher bills and looser environmental regulation
Thames Water investors pull plug on £500m of fundingBusiness live – latest updates
The news that Thames Water’s investors have pulled the plug on future investment in the ailing utility, leaving it vulnerable to future nationalisation, is the culmination of a long game of brinkmanship with the industry regulator, Ofwat.
As talks behind closed doors reached their conclusions in recent weeks, tempers were fraying. One insider described the discussion as very heated.
