Anyone paying attention to the ongoing issues in the UK with vital water utilities such as Thames Water — the UK’s biggest water company, which has a £14bn (€16.3bn) debt pile and a leadership crisis after the unexpected resignation of its chief executive — might think it is an appalling situation in this day and age.
With the supply to some 15m customers under threat amid perceived mismanagement, suboptimal performance, exposed balance sheet, a crisis with sewage outflows, and accusations of asset stripping, the crisis at Thames Water seems almost unthinkable in a modern “first world” country.
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