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 CEO Chris Weston has issued a detailed announcement via the London Stock Exchange in response to recent press speculation about the terms of the London & Valley Water (L&VW) consortium's proposal for the turnaround, transformation and recapitalisation of Thames Water.

Southern Water’s finances are coming under pressure, according to a report by the Financial Times this morning.

Southern Water says that its “short and sharp strategy” to boost performance by 2025 is showing continued signs of progress – just over a year since its launch.

Shareholders have agreed to provide Thames Water a further £750 million of equity funding in the remainder of the 2020-25 AMP7 investment period, subject to the satisfaction of certain conditions.