Thames Water faces court claim that £3bn bailout is ‘poor, short-term fix’
Campaigners to argue in court of appeal that plan is not in public interest and special administration is best optionEnvironmental campaigners will challenge the granting of a high-interest £3bn emergency loan to struggling Thames Water at an appeal on Tuesday, arguing the “eye-watering” costs for a short-term fix are not in the public interest.With protests planned outside the court of appeal, Charlie Maynard, a Liberal Democrat MP who represents the campaigners, will argue in a three-day hearing that the public and consumer interest is not served by the debt package, which comes with a bill of almost £1bn in interest payments and financial adviser fees. Continue reading...
Campaigners to argue in court of appeal that plan is not in public interest and special administration is best option
Environmental campaigners will challenge the granting of a high-interest £3bn emergency loan to struggling Thames Water at an appeal on Tuesday, arguing the “eye-watering” costs for a short-term fix are not in the public interest.
With protests planned outside the court of appeal, Charlie Maynard, a Liberal Democrat MP who represents the campaigners, will argue in a three-day hearing that the public and consumer interest is not served by the debt package, which comes with a bill of almost £1bn in interest payments and financial adviser fees. Continue reading...
