“The important thing for now is what we can do, and we can do now more than we’ve been able to do before, because of an extra £5 billion the Chancellor has put in to the defence budget this year and ...

The utility said it would take forward discussions with ‘certain senior creditors’ on an alternative plan to stabilise its finances.

The Government has threatened legal action against former Chelsea owner Roman Abramovich to release £2.5billion of funds from the sale of the club to help victims of the Ukraine war.

In an interim report published on Tuesday, the Independent Water Commission calls for a “fundamental strengthening and rebalancing” of Ofwat’s regulatory role, calling for the watchdog to adopt a more ...