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on today s big stories. plus, a first look at tomorrow s front pages. good evening. the biggest supplier of water in the uk thames water, with 15 million customers is on the brink of collapse with debts running into billions of pounds. the company is in talks to secure extra funding and the government says it is ready to act whatever happens. thames water, which was privatised back in 1989, is currently owned by a group of private equity and investment funds. the firm has been repeatedly criticised for its poor performance in dealing with water leaks and sewage pollution. its chief executive resigned abruptly yesterday. the state of the uk s water and sewage networks has become a big political issue, with some experts accusing the privatised suppliers of prioritising dividends for shareholders over investment. our economics editor faisal islam has the latest. the british water industry has bobbed along in a stream of profits and easy money since privatisation 30 years ago
DebtsThames-waterCustomer-billsDiviendsCustomersMessImagesLossLivesWreckageMillionsHoldsProtected in terms of the supply. you are absolutely right, there are bigger questions here, a bigger canvas being looked at. there could, for example, not specifically because of this issue, but in general be price rises for all water customers to pay for this investment backlog and many will be wondering what has happened since privatisation. we know tens of billions of pounds have been taken out of the sector and paid for in dividends, to get right now there is a need for lots more investment. and this is part of a more general story we have continually talked about witches during the period of very low interest rates, what happened as previous shareholders used borrowing to help pay money to shareholders, now when the public is demanding more investment and fewer leaks and less sewage put out into the waterways of the uk, now interest rates are higher and it is more difficult to fund that. for now the government of the, the finance markets, they are hoping that we will get sharehol
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