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Get the free app no ads · no paywallBusiness · 10 August 2026
Unsplash / Benjamin Davies
Thames Water's £1m payment came as the company, which owes about £20bn, struggles with debt and faces potential temporary nationalisation. Thames Water chairman Sir Adrian Montague said such payments were needed to keep staff from leaving the struggling firm. The money for the fee came from emergency funding provided by the company's lenders.
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