Thames Water Nationalisation Nears as Rescue Deal Rejected
Thames Water is moving closer to nationalisation after the government objected to a proposed rescue deal. This development puts the struggling utility company's future in question.
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Thames Water moves step closer to nationalisation after government objects to rescue deal
A government spokesman tells the BBC that the current offer "does not do enough to protect consumers or the environment".
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Environment secretary reportedly raised concerns that customers would face ‘undue burden’ from £10bn plan Thames Water should be nationalised, says Burnham Business live – latest updates The UK environment secretary has reportedly objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing the troubled utilities firm closer towards public ownership. Emma Reynolds, the environment secretary, wrote to Ofwat, the regulator, on Monday to ...
By Julia Kollewe
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