The Guardian Europe
Andy Burnham's plan to seize control of utilities like Thames Water hits a legal snag, so he's thinking of rewriting the rules. Creditors are not amused.
The Guardian Europe
Iran's rial hits rock bottom, gold shines, Thames Water shuffles deckchairs, and New Zealand tries to ban kids from social media - all in a day's work for the global economy.
The Guardian
Ofwat approves £3.4bn extra water spending, because 36% bill hikes weren't enough, with extra costs for new homes, datacentres, and a token nod to cleaning up toxic water.
BBC Business
Thames Water, drowning in £20bn debt, hands its finance boss a £1m signing bonus from emergency funds, because nothing says 'we're skint' like a seven-figure golden hello.
BBC Business
Thames Water CEO says leakage targets unrealistic, while company leaks 570 million litres daily; also defends his £1.16m pay and warns against nationalisation.
BBC Business
Thames Water posts profit after 40% bill hike, but debt balloons to £18.5bn, complaints soar 77%, and the firm waits to see if new PM Andy Burnham will nationalise it.
The Guardian
South East Water gets slapped with a £30.5m fine for failing to provide water, because apparently that's not automatic.
The Guardian
Thames Water creditors, holding £14bn in debt, plan to bid for the company even if it's nationalised, because who doesn't love a good financial drama with 16 million customers as the audience?
The Guardian Europe
Andy Burnham's water nationalisation plans are complicated and expensive, as Welsh Water's middling performance shows - ownership change isn't a magic fix, and the real solution might be more local control, not full nationalisation.
BBC Business
UK government rejects Thames Water's £10bn rescue deal, nudging the debt-ridden utility toward temporary nationalisation. Because when your water company is drowning in debt and sewage, who better to call than the government?
The Guardian
Andy Burnham wants to nationalise water and energy, because nothing says 'essentials of life' like a government-run utility company charging you slightly less but still a lot.
The Guardian
Plaid Cymru wins election, immediately demands more devolution. Thames Water rescue threatened by PM change. Burnham vows to fix Labour. US hate crime shooting. Iran peace deal proposal. Altman wins legal battle.
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