Thames Water, the UK's largest water firm, is in urgent funding talks amid concerns of its potential collapse. The company has significant debt and its CEO resigned unexpectedly.
The government has stated it is prepared to intervene if necessary, but water supplies will continue as normal regardless.
Thames Water has faced criticism for sewage discharges and leaks and is seeking funds for improvement.
If additional funding cannot be secured, the government may temporarily take over the company until a new buyer is found. The situation has raised concerns about the financial resilience of water companies in general.
Source: BBC
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