Thames Water results: time for Govt to end "nightmare" and put Thames Water into Special Administration
EMBARGO: Immediate Release
Responding to Thames Water reporting a £1.6bn loss over the last year and sewage spills increasing by a third, Lib Dem MP for Witney Charlie Maynard said:
"These are terrible results. The nightmare needs to stop.
"After months of pressure, Steve Reed has now finally admitted that it is highly likely to cost the Government nothing in the medium term if Thames Water is put into Special Administration. He now needs to get on and do this.
"Every day he holds off means that customers continue to get stuffed by ridiculously high interest charges and advisory fees. We can't afford it, and nor can our rivers."
ENDS
Notes to Editors