47 Days
Source:
The Guardian
UK Ministers plan legally binding debt targets for England’s water companies
The UK government is developing legally binding debt limits for England’s water companies to prevent failures like Thames Water, which is struggling under £17.6 billion of debt with a high gearing ratio. Environment Secretary Emma Reynolds is working on proposals, including a formal debt cap as part of a forthcoming Clean Water bill, to improve financial resilience and protect consumers. These measures aim to regulate company borrowing and address concerns over excessive indebtedness while balancing infrastructure investments.
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