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Thames Water secures £750m emergency funding; BT boss Philip Jansen to leave in 2024 – business live | Business

Key events Thames Water’s interim co-chief executive, Cathryn Ross, has rejected criticisms that regulators and the water industry are too cosy. “I don’t accept that,” she said. Ross highlighted her three and a half years at BT between working at Ofwat and Thames Water. I can honestly say the thought [of working for Thames Water] had never occurred to me when I worked at Ofwat. In fact, I thought I would stay in the public sector at the time that I was there. Ross said she is “deeply passionate about the water industry”, but added that all senior public officials who join the industry within a few years must seek assent from Acoba, or the Advisory Committee on Business Appointments. The committee can object or ask for conditions on employment by former public servants, although it has long been criticised as a toothless regulator. Ross said: I think the experience I gained at Ofwat is actually standing me in good stead and is helping us to deliver more for customers. I can see why people …

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Thames Water secures £750m emergency funding; BT boss Philip Jansen to leave in 2024 – business live | Business

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