UK Lawmakers Urge Thames Water Nationalisation
A parliamentary committee has urged the British government to reject a creditor rescue bid for Thames Water and place the utility into temporary public ownership. The move aims to address mounting debt and environmental failures at the country's largest water company.
A cross-party parliamentary committee said on Friday morning that the United Kingdom government should reject a private creditor bid for Thames Water and place the utility into temporary public ownership. The intervention lands just months before the company runs out of cash amid a £20 billion debt pile. Nationalising the country's largest water provider could leave taxpayers facing a multi-billion-pound bill.
