Thames Water Rescue Plan Rejected as UK Government Signals Possible Takeover
The UK government has rejected key elements of a proposed £10bn rescue package for Thames Water, pushing the country’s largest water supplier closer to possible temporary nationalisation if a revised deal is not agreed. The intervention comes as concerns grow over the company’s financial stability and long-running performance issues. Environment Secretary Emma Reynolds raised objections to the plan submitted by Thames Water’s lenders, saying it does not adequately protect customers […]
