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

"Nationalisation Looms for Troubled Thames Water as Environment Secretary Raises Concerns. In a move that could spell the end of private ownership for the UK's largest water company, Environment Secretary Emma Reynolds has reportedly expressed concerns over a £10bn rescue proposal for Thames Water. According to sources, Reynolds has written to Ofwat, the water regulator, to voice her objections to the plan, citing fears that customers would face an "undue burden" from the massive bailout. The rescue proposal, which aims to address the company's debt and operational issues, has been met with skepticism, and Reynolds' objections could pave the way for the government to take a more active role in the company's affairs, potentially leading to nationalisation."

Environment secretary reportedly raised concerns that customers would face ‘undue burden’ from £10bn planThames Water should be nationalised, says BurnhamBusiness live – latest updatesThe 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...