Thames Water boss and ex-Ofwat head refuses to apologise for letting companies increase debt

The joint chief executive of Thames Water has refused to apologise for allowing water companies to increase their debt during her time as chief of Ofwat, the water regulator.
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Cathryn Ross's comments came during a parliamentary committee session with Thames Water bosses as concerns mount over the financial viability of the company. Thames Water has secured £750m of emergency funding from its shareholders but the debt-ridden company warned it would need further funding in the years ahead.
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