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Thames Water boss says bills need to rise by 40%

Thames Water boss says bills need to rise by 40
The regulator, whose approval is needed for any price rises, has pushed back on substantial bill increases.

However, at some point Thames will need to raise new money to finance the huge programme of investment that is needed and if the current shareholders - which include domestic and foreign pension funds as well as wealth funds from China and Abu Dhabi - won't inject cash, then Thames will need to find new ones.

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