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2024-04-05 20:31:47

Charlie Stross on Nostr: Thames Water has seen its troubles deepen after its parent company defaulted on part ...

Thames Water has seen its troubles deepen after its parent company defaulted on part of its huge debt pile.

Kemble Water has formally told lenders it failed to meet a deadline to pay interest on £400m of debt due on Tuesday.

(This company is responsible for the water supply for a quarter of the UK population. Also for pumping raw shit into our rivers and seas. Debts of £14.7Bn, has handed tens of billions in public subsidies to foreign shareholders …)

https://www.bbc.co.uk/news/business-68742551
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