The firm is in a race for cash after investors said they would not give it extra money unless bills rise.
www.bbc.co.uk
Bills have to rise to pay returns to foreign investors, Thames Water says.
I don’t see any way out of this apart from re-nationalisation.
No company or investor should ever be absolutely guaranteed a profit/yearly return ever year, at least not from something as basic and required as people's water.
Why is it that every single privatised utility/service in the UK seems to be run with the idea that the investors will always make their money first, and the country/users/consumers should be left holding the bag when there is a debt, I was under the vague understanding that if a company made a loss it was the investors who normally got stung with the bill as the flip side to them making money when it's in profit.
But then I'm probably old fashioned and really dislike the way that in recent times it feels like every single time a big company that is dealing with infrastructure milks the cash cow too hard for short term profit it's the consumers that get stuck holding the bill when the company announces "We don't know how this happened, but after years of us taking huge amounts out of the company we've not got enough left to run the company now we've got something that we need to spend money on".
As you say, re-nationalisation, if we're constantly going to be left taking all the financial risks for the utilities/services then why the hell are we letting investors and foreign governments get the profit when there is one.