BBCNEWS Verified July 5, 2024
pressure as well. the main problem is that the company has nearly £14 billion of debt, so it has a substantial interest bill to pay every year. that interest bill is currently going up because interest rates are going up. some interest rate payments are related to inflation, which is very high. at the same time, it's having to spend over £1 billion a year in infrastructure, water mains, stopping leakage and there's a regulatory review coming up in a few years which may mean it will have to invest even more. thames water needs to raise money from somewhere but if it can't get it, th...