Thames Water handed £3 billion lifeline by court but judge criticises "eye-watering" costs - Ruling says customers will be “horrified” by the huge bill for the emergency restructuring

Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the nationalisation of the country's biggest water supplier and giving it time to sort out its finances.

The UK's biggest water supplier had been set to run out of money by 24 March without a £3bn loan from its creditors, amid debts of more than £19bn