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A High Court judge has approved a £3 billion loan for Thames Water, providing a temporary lifeline to prevent imminent collapse. The emergency funding allows the London water company to secure a more sustainable financial solution, crucial for the company serving 16 million households in London and the South East. Despite having £16 billion in debt, the new funding aims to prevent Thames Water from going bankrupt in the short term, with implications for its customers and long-term stability.
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