The UK's biggest water provider has delayed its request for even higher customer bills. Thames Water has deferred its appeal to the Competition and Markets Authority (CMA), the regulator tasked ...

Thames Water, said it was aiming to secure new equity in the coming months and was putting an attempt to raise customer bills by 53% on hold while it works to secure the recapitalisation.

From April, bills will increase by 31 per cent. Thames Water CEO Chris Weston said they were pleased with the court’s decision “decisively refused” the appeal and allowed the loan to go through.