Business Live with Ian King: Thames Water claims it lacks funds for its £190m debt payment next year

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On Business Live with Ian King, Thames Water bosses tell MPs the company does not have the money to cover its £190 million debt payment next year.

Directors, including joint Interim Chief Executives Alastair Cochran and Cathryn Ross, and chairman Sir Adrian Montague, have been questioned by MPs on the Environment Committee.

Plus, the big drop in the rate of inflation means that real wages were growing at their highest pace since September 2021 in the three months to October, according to official figures.

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