{"id":161156,"date":"2024-10-25T07:50:30","date_gmt":"2024-10-25T07:50:30","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/thames-water-thrown-cash-lifeline-to-survive-into-2025\/"},"modified":"2024-10-25T07:50:30","modified_gmt":"2024-10-25T07:50:30","slug":"thames-water-thrown-cash-lifeline-to-survive-into-2025","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/25\/thames-water-thrown-cash-lifeline-to-survive-into-2025\/","title":{"rendered":"Thames Water thrown cash lifeline to survive into 2025"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i2.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/23a6\/live\/89796900-92a1-11ef-ac57-51095761e61a.png?resize=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Thames Water thrown cash lifeline to survive into 2025\" title=\"Thames Water thrown cash lifeline to survive into 2025\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Thames Water has been thrown a cash lifeline that will tide the troubled utility giant over until October next year.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The UK&#8217;s biggest water group has secured a loan of up to \u00a33bn following fears that it would run out of funding by Christmas.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">People close to the deal said it was signed on Thursday evening and shows there is confidence that new and existing investors can reach an agreement to secure the company&#8217;s future.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Thames Water&#8217;s huge debts have led to speculation it could be taken over by the government, although this would not affect any supplies.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Meanwhile, Thames Water&#8217;s 16 million customers are facing a steep rise in bills.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In July, the company had told water regulator Ofwat that it wanted to increase annual bills by 23% between 2025 and 2030.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Since then, Thames has said it needed to raise them by 59%.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c704wzx38p1o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thames Water has been thrown a cash lifeline that will tide the troubled utility giant over until October next year. The UK&#8217;s biggest water group has secured a loan of up to \u00a33bn following fears that it would run out of funding by Christmas. People close to the deal said it was signed on Thursday [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":161157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/23a6\/live\/89796900-92a1-11ef-ac57-51095761e61a.png","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[979,24644,8078,17217,15578,556],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161156"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=161156"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161156\/revisions"}],"predecessor-version":[{"id":161158,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/161156\/revisions\/161158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/161157"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=161156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=161156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=161156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}