Thames Water seeks £2.4bn emergency funding to avert collapse by early 2027

Thames Water, the UK's largest water utility, has requested an additional £2.4bn from creditors to avoid insolvency before year-end 2026 or early 2027. The company admits it cannot reach a long-term refinancing deal before cash runs out, signaling heightened default risk. This raises concerns about UK utility sector stability and potential government intervention.