Displaying items by tag: financial crisis

Thames Water, the main provider of water and sewage services over the Thames, is facing difficult times after its parent company, Kemble Water, announced insolvency. Defaults on interest payments on a debt of £400 million have caused a financial collapse. Despite assurances that services for 16 million customers will not be disrupted, this situation has cast a shadow over the future of the company, which is a key element of the UK's infrastructure.