Thames Water edges closer to nationalisation amid minister’s concerns over rescue deal (opens original article in a new tab)

Thames Water is nearing nationalisation as the environment secretary expresses concerns over a proposed rescue deal, with potential temporary government control if no agreement is reached.

• Thames Water faces potential nationalisation due to financial struggles and debt of nearly £20 billion
• Environment secretary raised concerns about a rescue deal, fearing it would burden customers and taxpayers
• A special administration regime could temporarily nationalise the company if no agreement is reached
• Creditors propose debt write-off of £9.4 billion in exchange for leniency on future fines