Feargal Sharkey - fan
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feargalsharkey.bsky.social
Feargal Sharkey - fan
@feargalsharkey.bsky.social
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Macquarie have had to put another £655m into the company with a further £550m promised but only if they win their appeal to be allowed to increase prices by 53%.

There are at least 4 other WCs I can think of following close behind.
July 3, 2025 at 8:41 AM
@SouthernWater joins @thameswater tittering on the brink of collapse. Ares Management and Westbourne Capital have agreed to write off £370m in debt,
July 3, 2025 at 8:41 AM
That said the answer to why govt is refusing to put TW into special administration is buried right in the middle of the article. "Government borrowing in May reached an eye-watering £20.2 billion, exceeding forecasts."

Now talk to me about the £19bn worth of debt TW is carrying.
July 1, 2025 at 10:04 AM
For most of the public that dream has already gone, burned at the feet of venture capitalism, corporate greed and regulatory incompetence.
July 1, 2025 at 10:04 AM
Yep, you read that right. Seriously what is this all about at this point, what in God’s name is govt waiting for?

Who’s running this show, TW or the government?
June 20, 2025 at 9:38 AM