Thames Water Eyes Public Control | London News

Investors in Thames Water are open to temporary public control as new PM Andy Burnham considers placing the struggling utility into special administration to tackle its £20 billion debt crisis. Turnaround expert Mike McTighe says creditors are ready to meet with ministers swiftly to restore confidence, boost the company’s credit rating, and begin long-term repairs — with government involvement seen as essential. Creditors are also willing to make concessions to avoid taxpayers footing the bill, though Thames Water warns a special administration could still leave taxpayers liable for up to £2 billion by next year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2c55506ffe788eaa