Thames Water Faces Financial Struggles and Rising Water Bills
Water companies in the UK are expected to request bill increases in 2025 to fund improvements in services, according to regulator Ofwat. The move comes after criticism of major providers for sewage spills and leaks, as well as their heavy debts. Ofwat boss David Black acknowledged the need for improvement and expressed concern over excessive CEO pay in the industry. Former environment secretary George Eustice predicted an average increase of £42 per household, while Water UK stated that any rises would be determined by the regulator. Thames Water, currently facing financial difficulties, has until early next year to secure funding to service its £14bn debt.