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fights to prevent its collapse. ministers are drawing up contingency plans while the supplier looks to secure extra funding amid debts running into billions of pounds. celia hatton has more. the future of the uk s biggest water company is far from watertight. but the government is reassuring thames water s 15 million customers they won t lose access to water as work continues behind the scenes to try to rescue it from collapse. thames water is £14 billion in debt and in crisis mode after the surprise resignation of its ceo on tuesday. no clear reason has been given for sarah bentley s departure. ministers are considering a plan to bring the utility giant temporarily under public ownership if it can t sort out its debts. we need to make sure that thames water as an entity survives. there s a lot of work that the government is trying to do on resolving sewage. certainly, up until now, the regulator has been focused on keeping consumer bills down, but there s a lot of inf ....
The compa ny s value. other uk water companies might also be in trouble. in december, the water regulator ofwat expressed concerns over the financial resilience of thames water, along with four other companies southern, yorkshire, ses and portsmouth. critics blame mismanagement that prioritised shareholders over customers. though shareholders are now under pressure to resolve the situation before the government steps in. celia hatton, bbc news. let s get more on this from our chief political correspondent nick eardley. people are watching to see what the government can do, what is affordable and acceptable. good morning. ithink affordable and acceptable. good morning. i think a lot of complex things are going on. there is concern in government about the situation with thames water and the situation with thames water and the situation more widely with some of ....
Of debt when interest rates were lower and those debts have now climbed to 80% of the compa ny s value. other uk water companies might also be in trouble. in december, the water regulator 0fwat expressed concerns over the financial resilience of thames water, along with four other companies southern, yorkshire, scs and portsmouth. critics blame mismanagement that prioritised shareholders over customers. though shareholders are now under pressure to resolve the situation before the government steps in. celia hatton, bbc news. we can talk more about this. good morning. the government says is it ready to act, which is more of a question, and how, can we afford it too? it question, and how, can we afford it too? . . question, and how, can we afford it too? , ., , ., too? it is a good question. the simle too? it is a good question. the simple answer too? it is a good question. the simple answer is too? it is a good question. the simple answer is yes, - too? it is a good question. the ....