Thames Water is under pressure from its shareholders to increase customer bills to address its current financial difficulties.
The shareholders, who were expected to invest nearly £4 billion in the company over the next two years, have withheld this funding, expressing concerns over the effectiveness of Thames Water’s proposed turnaround plan.
According to reports, the shareholders consider Thames Water’s turnaround strategy “uninvestible” and are calling for regulatory approval from Ofwat for a substantial rise in water tariffs over the next five years.
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