So @thameswater's CEO claims the utilities company is still sitting on over £2bn in cash.

Does that I wonder include the £1.134bn they were legally obliged to spend on environmental upgrades before 2025 but cancelled the 105 projects involved at the last minute?

Hmm?! 🤔 pic.twitter.com/jhTlWIkzkX

— Feargal Sharkey (@Feargal_Sharkey) April 6, 2024

What have Thames river and Thames Water got in common? Both are in the shit. Uninvestable firm defaults on debt partly caused by transferring money to shareholders and pumps sewage into the river caused by lack of investment https://t.co/dlNpOKmhx2 pic.twitter.com/QsYIeQ531l

— Paul Lewis (@paullewismoney) April 6, 2024

After months of speculation, Thames Water has finally admitted it cannot pay its debts.

The firm announced today it would be unable to pay the interest that’s due on its borrowings and pleaded with creditors to stick by its side, writes @RhodriMorgan__ ✍️https://t.co/VSatviC7pR

— City A.M. (@CityAM) April 5, 2024