Thames Water boss refuses to rule out bill increases of up to 40%

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The chief executive of Thames Water has refused to rule out bill increases of up to 40% for customers as the troubled company tries to secure its future.

Chris Weston told Sky's Ian King he did not think the firm had been "at all secretive" about the possibility of prices rises.

It comes as the business, which serves nearly a quarter of the UK's population, struggles with more than £15bn of debt and the huge interest payments required to service it.

Read more: https://news.sky.com/story/thames-water-shareholders-blame-ofwat-as-they-pull-funding-13103112

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