The owners of Thames Water have refused to provide a £500m cash injection to prevent its collapse as they renew demands for household bills to increase by 40pc.
Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for masterminding a fraud that cost investors, lenders and customers $11bn (£8.7bn).
Thames Water’s shareholders have sucked out billions of pounds from the company over the past two decades and piled the utility with huge debts.
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