Thames Water, the UK’s largest water supplier, is struggling with significant debt and has warned it may run out of money by May 2025. A High Court judge has confirmed an emergency £3.3 billion restructuring plan essential for the company's survival; without it, Thames Water could enter Special Administration by March. Judge Leech stressed the importance of uninterrupted public services but criticized the company's high operational costs, particularly the reported £800 million restructuring expenses, which adds further burdens on customers who already find it challenging to pay their bills.
Justice Leech's ruling emphasized the public interest in maintaining essential services, affirming the need for a £3.3 billion restructuring plan for Thames Water.
The High Court's approval came with criticism of Thames Water's hefty restructuring costs, which amount to an "eye-watering" £800 million, alarming customers facing inflated bills.
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