Government has 'appropriate contingencies' to ensure 'water still flows out of the taps'- Minister

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Debt-laden Thames Water has said it is working with shareholders to secure extra cash, as ministers draw up contingency plans in the event of its collapse.

The company, which serves 15 million households, said on Wednesday that it needs "further equity funding" on top of the £500m it raised just three months ago.

Work and Pensions Secretary Mel Stride told ‘The Take with Sophy Ridge’ that he is satisfied that the government and Ofwat have the "appropriate contingencies in place" ensure "water still flows out of the taps".

#thetake #thameswater #sophyridge

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