Thames Water likely to face MPs over fears it could run out of money by April

Committee chair raises concerns as Lib Dem leader describes company as a slow moving car crash'

Troubled Thames Water is likely to be called back to be questioned by MPs over concerns raised by its auditors that its parent company could run out of money by April.

Sir Robert Goodwill, the chair of the environment food and rural affairs committee, said he would suggest to his fellow MPs that Thames Water be recalled to parliament over the financial concerns. The recall comes as the company released its interim results and as it is pushing the Water Services Regulation Authority (Ofwat) to allow it to raise customer bills by up to 40% to fund investment in crumbling infrastructure.