Thames Water moves step closer to nationalisation after government objects to rescue deal (opens original article in a new tab)

The UK government has objected to a proposed rescue deal for Thames Water, bringing the company closer to nationalisation as it faces potential collapse without a solution.

• UK government objects to Thames Water rescue deal, increasing likelihood of nationalisation
• Thames Water faces potential collapse without agreed rescue plan, risking service disruption
• Lenders propose debt write-off and investment but seek pollution fine leniency