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✍️ Thames Water's £23bn of assets are in urgent need of repair, putting the supply of water to its 16 million customers at risk. The company has failed to tackle serious safety concerns, has not upgraded essential IT systems, and has tolerated a culture of intimidation among staff.
👉 £23bn of assets in urgent need of repair
👉 Company has failed to tackle serious safety concerns
👉 No upgrade to essential IT systems
👉 Culture of intimidation among staff
👉 £15bn of debt
👉 Company's financial state is worse than previously admitted
👉 Supply of water to the capital is at risk
👉 Critical infrastructure is deteriorating
👉 Company's management and regulators have been slow to address problems
#London #South-east #liberal #environment
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Exclusive: 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...
https://www.theguardian.com/business/2024/nov/17/thames-water-supply-knife-edge-23bn-repairs-needed