Widespread news reports in the press and online media during the course of last week, over the weekend and today are suggesting that if Andy Burnham, who will shortly be appointed as the UK’s new prime minister, moves to nationalise Thames Water, the creditors will launch a legal challenge.

Thames Water yesterday launched the process to gain access to further funding under the Facility it first entered into in 2025 with its subsidiary, Thames Water Super Senior Issuer plc. when an initial £1.5 billion was made available under the Facility. On Wednesday the water company published its latest annual results for the year to 31 March 2026 showing a return to profit and sufficient funding secured through to Q4 2026.

Following the launch on 29 June 2026 of its Twelfth Consent Requests, Thames Water has announced that the requests have been approved - enabling the company to gain access to a further £213.49 million this month.

Iain Coucher, Ofwat Chairman has written to Emma Reynolds MP Secretary of State for Environment, Food and Rural Affairs saying the economic regulator shares the concerns expressed by the Minister in her letter of 16 June 2026 regarding the London and Valley Water Consortium’s proposal for the recapitalisation and turnaround of Thames Water.

Thames Water came in for swingeing criticism from MPs in Parliament in response to Emma Reynolds, Secretary of State for Environment, Food and Rural Affairs, ministerial statement to the House of Commons yesterday.

Environment Secretary Emma Reynolds has written to Ofwat flagging up Government concerns about the proposed Thames Water rescue package put forward by the company’s creditors, according to a number of reports in the UK press this morning.

Thames Water Utilities Ltd (TWUL) announced on Friday that the Ninth Consent Requests launched on 9 April 2026 to be granted access to further funding have been approved by its creditors, including the extension of the June Release Condition to 30 April 2026.

Thames Water has announced the results of the Eighth Consent Requests and STID Proposal – creditors’ approval means the water company will now be able secure further funding.

Thames Water yesterday issued its Eighth Consent Requests and STID Proposal relating to Super Senior Issuer Funding - Thames Water Utilities Ltd (TWUL) has so far drawn £1.426 billion of the initial £1.5 billion available under the super senior facility entered into with its subsidiary, Thames Water Super Senior Issuer PLC.

Thames Water announced yesterday that the seventh set of consent requests launched on 19 December 2025 have been approved by its creditors – including the drawdown in January 2026 of the remaining £233.5 million undeferred portion of its initial £1.5 billion facility.