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Thames Water impending collapse is ultimate result of privatisation, say campaigners
A tanker pumps out excess sewage from the Lightlands Lane sewage pumping station in Cookham, Berskhire, January 10, 2024
THAMES WATER’S impending collapse is the ultimate result of privatising an essential monopoly like water, campaigners said today..
The government is reportedly approaching potential administrators to step in if the troubled utility falls into bankruptcy.
The water giant is struggling under a debt of £19 billion and has warned that it will run out of cash in March unless the High Court signs off a £3bn loan at a hearing next month.
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