The creditors propose a multibillion-pound rescue deal for Thames Water, promising new investments in exchange for regulatory leniency and a significant write-off of existing debts.
Council officers are diligent and proactive, visiting work sites regularly to make sure works are carried out safely and are properly authorised. Despite previous warnings, Thames Water failed to take advice and disregarded the law.
When I think about the performance of Thames Water, I imagine the very excrement it fails to manage. Thames Water's problems come from its failure to update its outdated, mostly Victorian infrastructure.