Thames Water fines: Govt should stop “wheeling and dealing” and finally put customers first

EMBARGO: Immediate Release

Responding to Ofwat staving off fines for the imperilled Thames Water, Tim Farron, Liberal Democrat Environment Spokesperson, said:

"Ofwat is a defunct regulator that needs replacing urgently. Water companies must be held to account so that companies like Thames Water cannot continue to ramp up billions of pounds of extraordinarily expensive debt while pumping tonnes of disgusting sewage into British rivers and seas.

"We don't need more wheeling and dealing with Thames Water. What we need is for the Government to put customers first. They can start by putting Thames Water into Special Administration so that much of the debt can be written off and the company put onto a stable financial footing.”

ENDS

Notes to Editors:

Find reporting here: www.thetimes.com/business-money/companies/article/thames-water-ofwat-fines-debt-sewage-g9p5q70gb