pressure as well. the main problem is that the company has nearly £14 billion of debt, so it has a substantial interest bill to pay every year. that interest bill is currently going up because interest rates are going up. some interest rate payments are related to inflation, which is very high. at the same time, it s having to spend over £1 billion a year in infrastructure, water mains, stopping leakage and there s a regulatory review coming up in a few years which may mean it will have to invest even more. thames water needs to raise money from somewhere but if it can t get it, the government is looking at options. we need to make sure thames water as an entity survives. there s a lot of work the government is doing on resolving sewage. up until now, the regulator has been focused on keeping consumer bills down but there is a lot of infrastructure work that needs to take place and we need that entity to survive. in a statement, thames water says it s working constructively
the missile also damage nearby apartment buildings and shops. among the dead were two 14 year old twins yulia and anna aksenchenko. president zelensky said the attack showed russia deserved defeat. arnaud de decker is a journalist who was at the restaurant just before it was hit. he described what he saw. i was in the lounge eating a pizza and drinking a nonalcoholic beer. i paid and left and ten minutes later, i heard a very loud explosion, first one and then moments later a second one, and i immediately understood it was the lounge that was hit. i went to the place and it was an absolute disaster. the restaurant was totally gone, people wounded in the street and rescue workers were trying to help the people from underneath the rubble. it was absolutely a disaster. that was a journalist describing what he saw at the restaurant. our correspondent andrew harding has the latest from the scene in kramatorsk. i m in the centre of kramatorsk where the missiles hit and the bl
around 60 people were injured, some around 60 people were injured, some of them critically. the missile also damage nearby apartment buildings and shops. among the dead were two 14 year old twins yulia and anna aksenchenko. president zelensky said the attack showed russia deserved defeat. arnaud de decker is a journalist who was at the restaurant just before it was hit. he described what he saw. i was in the lounge eating a pizza and drinking a nonalcoholic beer. i paid and left and ten minutes later, i heard a very loud explosion, first one and then moments later a second one, and i immediately understood it was the lounge that was hit. i went to the place and it was an absolute disaster. the restaurant was totally gone, people wounded in the street and rescue workers were trying to help the people from underneath the rubble. it was absolutely a disaster. the kremlin said they only hit military targets, not civilian ones. this was yuri sak, an adviser to the ukrain
we begin in the us, where the treasury secretary janet yellen has sounded a stark warning over the country s debt ceiling. this is the amount of money the us government is allowed to borrow to pay for pretty much everything they do. speaking to abc, she says that if lawmakers fail to raise that ceiling the us could be left unable to pay its bills by the beginning ofjune. it is congress s job to do this. if they fail to do it, we will have an economic and financial catastrophe that will be of our own making and there is no action that president biden and the us treasury can take to prevent that catastrophe. russ mould is investment research director at aj bell. we have been here before. all of the same warnings that the us could tape off a cliff if it doesn t raise the debt ceiling and yet more warnings. yes, we have and i think the us debt ceiling has been raised 75 or 80 times in its history and we have had eight government shutdowns while a new debt ceiling has been wor