Thames Water nationalisation moves closer as government ‘objects to rescue deal’

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 raise concerns about the plan for the UK’s biggest water company, according to the Times, as she is worried that customers will lose out. Continue reading...