Thames Water asks creditors for another £2.4bn. Up to 30% of TW revenue covers financial costs. Debt spiral deepens problems, it borrowed to pay dividends. Hedge funds funding TW, hoping to asset-strip, hike bills, govt bailout. Let it go bust. Nationalise permanently.

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😡😡It is offensive that Thames Water could be bailed out and then allowed to hike our water bills AGAIN, beyond the 36% average hike by 2030 already approved @cathobbs.bsky.social.bsky.social has written to the government to block the bill hike and take water into public ownership vist.ly/5nte6

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Allowing this dead-company-walking to be bailed out again, instead of taking it into Special Administration and then permanent public ownership, would be a disgrace and a betrayal by the Andy Burnham government Enough is enough.

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Ofwat is making Thames Water pay back *£2.87* to each household for dumping sewage Compare this to the *£176* privatisation of water costs each household EVERY YEAR If they want to help, then they must deliver public ownership. Our report explains how. Send it to your MP: vist.ly/5nqu9

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Let's take our water into public ownership

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