How Thames Water Came Close to Drowning in Debt

The water business isn’t supposed to be exciting. But scandals over sewage spills and leaky pipes are casting a harsh light on Britain’s management of this crucial public resource and raising deeper questions about the business model established when it was privatized three decades ago. Things got so bad that Thames Water Ltd., which serves about a quarter of the population, needed an emergency cash injection from shareholders to stave off possible nationalization.

Published on

Apr 9, 2024

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