Thames Water 'rewarded for years of mismanagement' with £3 billion bailout

Thames Water bailout will ‘rack up more debt’ to pass on to consumers says GMB Union

GMB Union has reacted to the High Court’s decision today [Tuesday 18 February] to approve a £3 billion bailout for Thames Water.

Cliff Roney, water worker and GMB activist, said:

“Thames Water have no shame.

“They have been rewarded for years of mismanagement and passing costs on to consumers with the right to rack up more debt, more interest, and more fees.

“Who will pay for this? Ordinary Londoners of course.

“The Government must urgently bring Thames Water into public ownership while protecting staff terms, conditions, and pensions.”