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Regulator obviously and announcement today. 0fgem is the regulator obviously and they - announcement today. 0fgem is the regulator obviously and they set. announcement today. 0fgem is the regulator obviously and they set a i regulator obviously and they set a price cap. they have done since before the pandemic. what it does is just try to limit the amount the average household will pay. so your bill is made up of the standard charge, that doesn t change, that is effectively to hook everything up and then the amount you use, the unit price for gas and electricity. 0f unit price for gas and electricity. of course, during or since the russian invasion of ukraine that shot up so we have seen historically huge high levels of what people would have been paying. now, it has been for the past three months at just over £2000 but we are now expecting it from october, 0fgem confirming today, that will fall to just below £2000, £1923 from october. that is the first time 0ctober. that is the f ....
In a statement, thames water says it s working constructively with its shareholders in relation to its funding needs. ofwat, the regulator, is being kept fully informed on the progress of the company s turnaround. the ceo sarah bentley was leading it but she resigned yesterday with immediate effect, adding to concerns. it s an absolute scandal, what has happened. huge dividends paid out, huge debts taken on, customer bills rocketing, sewage being dumped into our rivers, so the government has got to come forward and explain what are they going to do to sort this out. the financial resilience of this whole industry may be tested, given the sale of investment now needed. by 2050, the environment agency and the water companies believe that about 50 billion needs to be invested to get sewage overflows down to an acceptable level. you re talking about very large ....
A complex, privately owned business that is now under financial 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. ....
Company. the sorts of decisions that people are talking about our plans, what people are talking about in the background. but as you were saying they are, the government to saying and repeating again in the houses of parliament today, in the commons, rebecca powers question this. what are the plans, how much might a bailout cost? she was being asked these questions and she said there are discussions going on, a lot of work behind the scenes and there is a process in place necessary to move us to the next stage if that is required. that is all those back up plans. required. that is all those back-up lans. ., ., ., plans. you mentioned there a multitude plans. you mentioned there a multitude of plans. you mentioned there a multitude of questions - plans. you mentioned there a multitude of questions being | plans. you mentioned there a - multitude of questions being asked, but i suppose the basic ones are how did this company get into such a perilous state, how has it come to this? qu ....
Plans for a radical overhaul of english football, with the aim of putting fans back at the heart of the game, have been confirmed by the government. as recommended by a fan led review, clubs will be prevented from joining closed shop breakaway competitions. a new licensing system will require every club from the premier league to the national league to prove it has a sustainable business model. an enhanced owners and directors test will be introduced to guard against unscrupulous buyers. and supporters will be given a greater say in the running of clubs. let s speak now to rick parry, chair of the english football league. good morning and thanks for coming in and yours is an important voice in and yours is an important voice in the debate. pare in and yours is an important voice in the debate. in and yours is an important voice in the debate. are you in favour of the independent in the debate. are you in favour of the independent regulator? - in the debate. are you in fa ....