Thames Water Faces Cash Crisis Amid Debt Issues

Thames Water, the UK's largest water supplier, has warned it may run out of cash by March 2025 unless it secures court approval for a £3 billion financial lifeline. The company, struggling under a £19 billion debt load, reported a significant increase in pollution incidents and faces mounting public scrutiny. To stabilize its finances, it plans to seek an additional £3.25 billion in equity, with potential investors like Covalis Capital showing interest. However, the urgency of the situation has raised concerns about possible temporary nationalization if a deal fails. Chief executive Chris Weston emphasized the importance of upcoming court dates on December 17 and January 20 for the liquidity extension. Critics, including the GMB union, are calling for government intervention and a return to public ownership amid fears of mismanagement and environmental negligence.