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"Thames Water supply ‘on knife-edge’ with £23bn repairs needed"
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"Thames Water's financial state is worse than previously admitted, with £15bn of debt and a culture of intimidation among staff. The company has failed to upgrade essential IT systems, leaving it vulnerable to cyber-attacks. Insiders claim that the supply of water to the capital is on a 'knife-edge' due to the deterioration of critical infrastructure and pressures on staff. The company's management and regulators have been slow to address these problems, allowing them to escalate."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgyaxdzsjh5cdhke4aey6f4gcklwq59l6c2uxt79ua5crgyfcusq3cwyf5fq\nhttps://i.guim.co.uk/img/media/186f57cdc5b6f44645328e2128a8a4958138e46f/0_0_5000_3000/master/5000.jpg?width=460\u0026quality=85\u0026auto=format\u0026fit=max\u0026s=041ae839c6df3402d66676d257dbf5e2\nExclusive: Company has failed to tackle serious safety concerns or upgrade vital IT systems, Guardian investigation revealsFloods, explosions, asbestos: Thames faces problems on all frontsThames Water has £23bn of assets that are in urgent need of repair and the supply of water to its 16 million customers is “on a knife-edge”, a Guardian investigation can reveal.Britain’s biggest water company has failed to tackle adequately serious safety concerns, has not upgraded essential IT systems and has tolerated a culture of intimidation among staff, according to insiders and an analysis of documents. Continue reading...\nhttps://www.theguardian.com/business/2024/nov/17/thames-water-supply-knife-edge-23bn-repairs-needed",
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