What is behind Thames Water's latest planned bill hike and ongoing cash crunch? | Dumbarton and Vale of Leven Reporter
The UK’s biggest water supplier has 16 million households across London and the South East.
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The UK’s biggest water supplier has 16 million households across London and the South East.
Bosses have put the proposed hike, which would be introduced over a five-year period, to regulators in a bid to stave off the company's collapse.
If approved, the proposal would take average annual bills for its 16 million customers to nearly £700
Thames Water has submitted a revised business plan to the regulator, proposing a sharp 56% increase in customer bills over the next five years.
Thames Water could be taken over by the Government, with its £15 billion debt added to the public purse, reports have suggested.