Thames Water, the UK's largest water company, has turned to the High Court seeking approval for a £3bn debt lifeline to help alleviate financial pressures. The company has faced mounting debt in recent years due to increased operational costs and regulatory challenges.

The High Court will now review Thames Water's plans to secure funding from a group of investors, which would provide much-needed capital to help sustain the company's operations and maintain water services for millions of customers in London and the Thames Valley.

Thames Water has expressed confidence in its ability to navigate these financial difficulties and continue to deliver safe and reliable water services to its customers. The company remains committed to investing in infrastructure and technology to improve water quality and environmental sustainability.

As the High Court deliberates on Thames Water's debt restructuring plan, stakeholders and customers will be closely following the outcome to ensure the long-term viability of the essential water provider.