Live: Thames Water bosses questioned over financial viability by Parliamentary committee

Watch live as a parliamentary committee quizzes water industry bosses as concerns mount over the financial viability of Britain's water suppliers. On Monday (10 July), Thames Water averted a nationalisation threat with a £750m funding lifeline, but Britain’s biggest water firm warned around a further £2.5 billion in funding will be needed by 2030 as it struggles under a £14 billion debt pile. It said the initial funding agreement to the end of March 2025 is a “major milestone”, although it is short of the firm’s £1 billion funding goal. Thames Water is also under pressure to spend heavily to tackle sewage releases into UK waterways and seas. The crisis funding deal came after weeks of speculation over its financial resilience, with the government having been on standby to place the firm into a special administration regime, which was the insolvency process used when energy supplier Bulb collapsed in 2021. Watch more from Independent TV at https://www.independent.co.uk/tv/editors-picks Click here to subscribe to The Independent: https://bit.ly/Subscribe-to-Independent About The Independent: Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Connect with The Independent: Check out our full video catalog: https://www.youtube.com/c/theindependent/videos Videos, daily editorial and more: http://www.theindy.com Click here to get the best of The Independent daily: https://www.independent.co.uk/newsletters Like The Independent on Facebook: https://www.fb.com/TheIndependentOnline Follow The Independent on Twitter: https://twitter.com/Independent Follow The Independent on Instagram: https://www.instagram.com/the.independent Download the iOS & Android app: https://www.independent.co.uk/subscribe/app Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust - https://www.independent.co.uk/donations Subscribe to Independent Premium for exclusive content & live events: https://bit.ly/2MiOONB