Thames Water appeal: Govt must put company into special administration

EMBARGO: Immediate Release

Responding to the news that the court has rejected his appeal to prevent Thames Water from an additional £3 billion bail out, MP for Witney Charlie Maynard said:

"Thames Water remains a cash cow for its lenders, while its 16 million customers are left to foot the bill for the company's ludicrously expensive interest charges and advisory fees.

“It is in the Government’s power to end this now for the benefit of the British public and seek to put the company into special administration. 

"We must not stand back and allow Thames Water's lenders to keep lining their pockets at the expense of customers and the environment while our regulators sit on their hands and the company pumps gallons of sewage into our rivers, neglects basic repairs and hikes up customers' bills."

ENDS