The Guardian Australia – Business
·business
·2 hours ago
Thames Water nationalisation moves closer as government ‘objects to rescue deal’
The UK government has objected to a £10 billion rescue deal for Thames Water, raising concerns over an 'undue burden' on consumers. Environment Secretary Emma Reynolds cited potential losses for customers, pushing the water company closer to nationalisation. Thames Water serves about 16 million people and has been struggling with £17.6 billion in debt since privatisation.
Summary by OZbrief · The Guardian Australia – Business
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