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Thames Water creditors to vote on emergency £2.4bn loan as cash runs low

29 October 2026 at 08:00

Campaigners say costly new funds will lead to higher bills, which company denies

A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household’s bills in interest alone.

A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027.

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© Photograph: Toby Shepheard/Reuters

© Photograph: Toby Shepheard/Reuters

© Photograph: Toby Shepheard/Reuters

Menindee Lakes water levels drop to lowest in five years as experts warn of mass fish deaths

NSW government imposes water restrictions after Menindee water volumes fall below 2021 levels

Water levels at the Menindee Lakes in western New South Wales have fallen to their lowest point in five years, prompting the state government to impose upstream water use restrictions as experts warn of potential mass fish deaths over summer.

Combined volume at the Menindee Lakes fell below 480 gigalitres earlier this month, the first time since 2021.

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© Photograph: Google Earth

© Photograph: Google Earth

© Photograph: Google Earth

California’s High Tides Set Records This Week. They’re Going to Get Higher.

El Niño is expected to push this winter’s high tides even higher.

© Ian C. Bates for The New York Times

In San Francisco, high tides at lunchtime flooded a plaza and parts of the sidewalk along the city’s eastern shore on Tuesday.
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