Government warns Thames Water rescue deal would burden customers as nationalisation moves closer
By
Graham Hiscott
Summary
Environment Secretary Emma Reynolds has warned Ofwat that a proposed £10 billion private sector rescue deal for Thames Water would place an "undue burden" on its 16 million customers. This has moved nationalisation of the crisis-hit water supplier closer, with campaigner Feargal Sharkey urging the government to "seize control" of the company. The regulator Ofwat was reportedly close to accepting the deal from a consortium called London & Valley Water, but the government's intervention signals growing support for public ownership.
Source
bskyGovernment warns Thames Water rescue deal would burden customers as nationalisation moves closermirror.co.ukKey quotes
· 2 pulledFeargal Sharkey urged the government to 'seize control of Thames Water' as nationalising the crisis hit supplier moved a step closer.
Environment Secretary Emma Reynolds has written to regulator Ofwat warning a £10billion deal proposed by Thames' lenders would place an 'undue burden' on customers.
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