Thames Water Credit Rating Cut Further Into Junk Territory As £20bn Debt Crisis Deepens
S&P has downgraded Thames Water to CCC- as the utility seeks £2.4bn in additional emergency financing and attempts to restructure approximately £20bn in debt.
Budget 2026 confirms plans to adjust State Pension uprating from April 2030, with long-term savings intended to help fund a National Care Service in England.
S&P has downgraded Thames Water to CCC- as the utility seeks £2.4bn in additional emergency financing and attempts to restructure approximately £20bn in debt.
The UK and Poland have signed a three-year defence cooperation plan covering missiles, drones, cyber security, Baltic maritime activity and military exercises.
The Department for Transport has confirmed 25 road schemes have left a major funding programme, including the A127 Corridor for Growth in Essex, while 16 projects remain subject to approval.
Heathrow has opened an eight-week consultation on its proposed third runway, publishing details of potential M25 changes, property impacts and compensation policies.
The Government sold £4.5 billion of gilts at an average yield of 5.036%, the highest for a comparable five-year auction since 2008, despite strong investor demand.
MPs warn the Sizewell C financing deal could expose consumers to billions in additional costs while private investors face limited extra contributions if construction overruns.
New Respect Orders are now available in England and Wales, allowing courts to impose restrictions and rehabilitation requirements on adults responsible for persistent anti-social behaviour. Breaching an order is a criminal offence.
Ministers have approved the 800MW Great North Road Solar and Biodiversity Park near Newark, despite objections over farmland and landscape impacts.
The UK will lead three advanced underwater payload projects under AUKUS following trials in San Diego, with availability across allied fleets planned from 2027.
Households across the UK can apply for government-backed low- or no-interest loans for solar panels, batteries and heat pumps, with maximum borrowing of £35,000 for ground-source heat pumps.
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