Thames Water on brink of collapse: "Final whistle" needs to be blown on company

EMBARGO: Immediate Release

Responding to the news that Ministers have lined up insolvency practitioners to prepare for the potential collapse of Thames Water, Liberal Democrat MP for Witney Charlie Maynard said:

"The Liberal Democrats have been warning the Government for months that the only option to get a grip on Thames Water at this point is to put it into Special Administration.

"Thames Water has been allowed to continue to flounder, while customers are made to pay sky high interest payments on the company's billions of pounds of debt.

"Special Administration will allow debt to be written down so more money can be spent on cleaning up the sewage in our lakes and rivers. The final whistle needs to be blown on Thames Water and we need a new, capable regulator in place as soon as possible.”

ENDS

Notes to Editor:

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