Candidates use the Thames River High Court case to promote temporary nationalization | Thames River

A group of parliamentarians and charities argued that the Thames River should be handled by the government at the court hearing to decide whether to approve the urgent funds of £ 3 billion.

The judge of the High Court will hear the news of the British's largest water supply and a group of competitors and creditors on Monday, and then decide whether to approve the rescue. This will avoid temporary nationalization by special management. Without debt lifeline, Thames Water said it may run out of cash by March.

The Thames River has a debt of 17 billion pounds. It is the center of the public against the privatized aquatic industry in the UK. The industry is increasingly polluted the river and the ocean because the profit is prioritized to the environment.

Clean River activist led by the Witne Liberal Democratic Democratic Democratic Party, Charlie Maynard, has submitted a written lawsuit to the court. The case is expected to last four days.

Maynard said in the submitted article that he was opposed to reorganizing the company's interests of 16 million customers.

He believes that it is unsustainable to provide services for the company's mid -term or long -term service and providing services for emergency funds, and it does not make appropriate regulations for the company's legal obligations to provide the legal obligations of water and sewer services, rather than polluting rivers.

His submission stated that in the end, the customer will be forced to pay the cost of emergency loans, and the interest rate of the loan is 9.75 % -further increased the bill.

The constituency of Congress Council has always been in the center of anger in the pollution of original sewage. It represents the challenge of 34 clean river groups (including Windrush pollution contaminated by sewage, and has received support areas and 28 of other Congress members of the Water Company. Council of Education District.

He said to the court in writing: “I am the interests of public and customers.”

Candidates gathered outside the Royal Court on Monday, holding a sign, saying “Prevent help” and “State -owned Thames River” on it.

Last month, the Thames was approved to seek a cash loan of 3 billion pounds. This difficult company said that this is essential for ensuring sufficient funds to avoid temporary nationalization.

The Thames has stated that despite the opposition of a set of low -level creditors, its creditors' support will be more than 90 % of the guarantee debt, so its plan will be successful because its supporters support.

The judge must determine that in the alternative of the most likely alternative plan, the Thames River is said to be placed in special management, although this is controversial.

According to the proposal, the Thames will receive additional funds, cash reserves and debt extensions, so that its breathing space has been raised by a new £ 3.25 billion in debt reorganization to ensure its survival.

The low -ranking creditors said that the plan has benefited from the unfairness of senior creditors, and its 9.75 % interest rate has made it too high. They proposed their own parcels.

Maynard questioned the cost of financial lifeline. He said: “It will welcome the Thames with expensive bridge liquidity … greatly cut its financial vacuum of its operation and infrastructure, and transfer most of the income from the customer billing to the interest and cost of paying debt.”

“No one really believes that the reorganization plan will eventually resolve the Thames River now discovering its own financial performance.”

Dieter Helm, a professor of economic policy at Oxford University, stated that the Thames' assets maintaining capital maintenance failed and “maximized the adjustment of its balance sheets within a sustainable external range” ” Essence

Hurm added: “The Thames River uses the balance sheet mortgage assets and pays the shareholders with special dividends and other interests.”