Thames Water nationalisation moves closer as government ‘objects to rescue deal’ (opens original article in a new tab)

UK government objects to £10bn rescue deal for Thames Water, increasing likelihood of nationalisation as the company faces financial collapse and regulatory concerns.

• UK environment secretary objected to £10bn rescue deal for Thames Water due to potential burden on consumers
• Thames Water faces possible nationalisation as government considers special administration or creditor deal
• Creditors including Elliott Investment Management seek control of Thames Water through £1bn fine write-off