Average water bills likely to hit PS2,000 a year by 2050, says Ofwat / Judge slams Ofwat and government for not attending Thames Water hearing / Ofwat to name LEK Consulting as Thames Water 'policeman' / £12bn Thames Water creditor group pitches rescue deal to Ofwat / Thames Water lobbied Whitehall to press Ofwat on allowing higher bills / Thames Water facing record PS104m fine for sewage failings, Ofwat warns / Ofwat hits ailing Thames Water with £40m fine over dividend payment / Thames Water price warning as Ofwat postpones bill cost review due to General Election / Thames Water on road to state rescue amid investor standoff with Ofwat / Thames Water shareholders blame Ofwat as they pull funding