Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Creditors propose £4B debt write-off and £3.15B capital to save Thames Water from collapse, pending approval.

flag Creditors to Thames Water have proposed a final rescue plan to prevent the UK’s largest water company from collapsing, offering a £4 billion debt write-off and £3.15 billion in new capital in exchange for commitments to fix aging infrastructure, reduce pollution, and improve service. flag The plan, which includes £45.4 billion in pledged infrastructure investment over time, aims to stabilize operations and avoid special administration, which could lead to nationalisation. flag It requires approval from regulators and the government, with final decisions pending.

77 Articles