Thames Water’s £3bn rescue loan has been approved by the court after an appeal against the deal was dismissed. The loan will allow the company to continue operating for at least another 12 months, giving it time to restructure its nearly £20bn in debt and attract new investment. The decision was welcomed by Thames Water’s chief executive, who stated that the firm’s “turnaround plan” can now continue with the initial tranche of £1.5bn being provided in instalments over the coming months.
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37 per cent of Generation-Z consider leaving their jobs
According to a study by PwC, 37 per cent of Generation Z employees in the UK have considered leaving their jobs in the past year, with 4.4 million workers on the brink of exiting the labour market. Younger workers, particularly those aged 18 to 24, are at higher risk, with mental health being a significant factor. Youth unemployment has increased, with over three million young people considered economically inactive. Full Article
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