Thames Water 'will have to increase bills in future'

Thames Water told me that they will have to put up bills again in the future.

Read: Thames Water's 'conscience clear' over corporation tax

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Thames Water in tax row

The UK's biggest water company paid no corporation tax and received £5 million credit from the Treasury during a year in which revenues hit £1.8 billion. Thames Water made £549 million in underlying pre-tax profits as it raised bills by 6.7%.