Under the terms of the proposal, Thames Water’s fines from Ofwat would be waived until 2030, and their pollution targets suspended or “significantly modified”. In the first six weeks of 2026 alone, Thames Water dumped 80,000 hours of sewage into our waterways [2]. Thames Water has been in breach of its licence conditions since July 2024 [3]. Under special administration, we can write off a greater portion of Thames Water’s debt, and secure a better deal for the public purse [4]. 'Thames Water nationalisation plan could move bulk of £15bn debt to state’, The Guardian - https://www.theguardian.com/business/2024/apr/18/whitehall-blueprint-for-thames-water-nationalisation-could-see-state-take-on-bulk-of-15bn-debt

Source: The Guardian April 02, 2026 17:52 UTC