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The water torture goes on at Thames. Sector-wide reform isn’t moving much faster | Nils Pratley
If ‘public control’ bit is delaying overhaul, that needs to be nailed down sharpish or continued uncertainty could be costly
People in the US: what is your personal ‘recession indicator’?
We’d like to hear about whether you feel like the US is in a recession and what you think signals such a downturn
Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
Water company tells creditors it will not survive long enough to agree refinancing deal without more money Thames Water has asked its creditors for another £2.4bn as the embattled water company comes close to running out of cash. The UK’s largest water company said on Thursday it needed another short-term cash injection because it would be unable to reach a longer-term deal to sort out its giant debt pile before running out of cash by “the end of 2026 or the start of 2027”. Continue reading
John Healey poised to raise taxes on banks in budget
Exclusive: Chancellor to target sector in his first budget to help offset damage caused by Iran war on public finances John Healey is poised to tax Britain’s banks in his 28 October budget, to help offset the damage inflicted on the public finances by war in the Middle East, the Guardian understands. The chancellor is in Bangkok, where the International Monetary Fund has praised the UK’s progress towards balancing the books, urging him to “stay the course”. Continue reading
Lisa Nandy ‘minded to intervene’ in Sky’s £1.6bn purchase of ITV
Culture secretary’s move paves way for deeper scrutiny of deal that would create UK’s biggest commercial broadcaster The culture secretary, Lisa Nandy, has said she is “minded to intervene” in Sky’s £1.6bn purchase of ITV, in a move that paves the way for deeper scrutiny of a deal that would create the UK’s biggest commercial broadcaster. Sky announced over the summer that it had reached a deal to buy ITV’s broadcasting and streaming arm, representing a big shift in the ownership of Britain’s public service media. Continue reading
Cult venue Prince Charles cinema ‘saved’ after lease renewal signed
The much-loved central London institution, which has been threatened with closure since January 2025, secures 25-year lease without break clause with current landlords
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