Thames Water hits the gutter
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 April 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
Nato is trying to ‘Trump-proof’ funding for the war in Ukraine, Thames Water’s owners will start urgent restructuring talks, and birth rates are declining despite wealthy countries investing in family- friendly policies.
Mentioned in this podcast:
Thames Water owners to begin urgent restructuring talks
Why family-friendly policies don’t boost birth rates
Nato plans $100bn ‘Trump-proof’ fund for Ukraine
Southern growth spurt creates two-speed eurozone economy
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Wednesday, April 3rd, and this is your |
| 0:18.2 | F.T. News briefing. NATO is trying to trump-proof funding for the war in Ukraine and despite wealthy |
| 0:27.6 | country's best efforts birth rates are still falling. Plus Thames Water is in major financial trouble. |
| 0:35.6 | It's hard to understate what a big issue. The crisis has become in Britain, mostly |
| 0:41.2 | because of the sewage pollution. I'm Sonia Hudson and here's the news you need to start your day. NATO is drawing up plans for a hundred billion dollar aid package to help Ukraine. |
| 1:08.0 | The proposal is an effort to defend against the quote |
| 1:11.5 | wins of political change. That's politician speak for a second |
| 1:16.4 | Trump presidency. Former US President Donald Trump has been pretty clear that |
| 1:21.7 | he's not interested in continuing to fund |
| 1:24.4 | Ukraine's war effort and neither are a lot of Republican lawmakers. A $60 billion |
| 1:30.7 | military support package has been stalled in Congress for months. |
| 1:35.0 | NATO Secretary General Jens Stoltenberg is sponsoring the plan and it'll be discussed |
| 1:40.7 | today during a meeting of foreign ministers. |
| 1:43.2 | Tem's Water is in crisis. |
| 1:49.4 | The British utility is in a lot of debt and it's struggling to |
| 1:56.0 | control sewage and water leaks. Its parent company, Kimball, could enter |
| 2:01.1 | insolvency in just a few weeks and it started negotiations to |
| 2:05.5 | restructure. But maybe the bigger problem for the UK is that Thameswater isn't |
| 2:11.0 | the only utility in trouble. |
| 2:13.0 | The F.T.'s Jill Plimmer joins me now to talk about it. |
... |
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