Thames Water’s creditors have a deadline today. They need to decide whether to hand over a £2.4 billion loan to keep the utility afloat for another 12 months. Today we're presenting a petition with 30,000 signatures calling on Andy Burnham and Ofwat to block the bailout. 1/2

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Whose side are you on @andyburnham.bsky.social ? US hedge funds or Thames Water households? Why should 16 million people pay an extra £40 on interest alone for bailout when you can write down Thames Water's debt RIGHT NOW by taking it into special administration? www.theguardian.com/business/202...

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'Campaigners raise concerns it could add £40 to each household's bills in interest alone' We are not blank cheques @andyburnham.bsky.social ! www.theguardian.com/business/202...

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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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