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Thames Water moves step closer to nationalisation after government objects to rescue deal
Key takeaways
- The government has objected to a proposed rescue deal for Thames Water, in a move which takes the UK's largest water company a step closer to a form of nationalisation.
- Environment Secretary Emma Reynolds wrote to the industry regulator on Monday to raise concerns over the package put forward by the firm's lenders.
- Fears the company could collapse first emerged three years ago, and the government has been on standby to take control if required ever since.
Why this matters: a developing story that could shape the day's news cycle.
Michael Race Business reporter PA Media. The government has objected to a proposed rescue deal for Thames Water, in a move which takes the UK's largest water company a step closer to a form of nationalisation.
Environment Secretary Emma Reynolds wrote to the industry regulator on Monday to raise concerns over the package put forward by the firm's lenders.
Fears the company could collapse first emerged three years ago, and the government has been on standby to take control if required ever since.
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