Debt, sewage and dividends: the rising tide of Thames Water's troubles

In the second part of our focus on the water industry, we chart the decline of one of the UK's major utility companies, now on the brink of emergency renationalisationPart 1: How privatisation changed the water industryGovernment officials who tour Coppermills, a vast Thames Water treatment works in north-east London, are left under no illusions about the dire condition of Britain's infrastructure."It's in a shocking state," said one official who has visited the 1960s site, which supplies approximately a third of the capital's population with drinking water and sewage services. "It's a slow-motion management disaster." Continue reading...