Thames Water is under pressure over its performance and reportedly struggling under £14bn of debt.
after just two years in the job. It came weeks after she was asked to forgo her bonus over the company's handling of sewage spills.
But reports suggest the firm is struggling to raise the remaining cash which it needs to service its debt. Interest payments on more than half of its debt are linked to the rate of inflation, which has soared over the last year. An Ofwat spokesperson confirmed there were "ongoing discussions" with the firm about the need for "a robust and credible plan to turn the business around".Water companies have taken on large amounts of debt, collectively about £60bn, since they were privatised in 1989, with Thames Water's debt totalling £14bn.
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