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Thames Water: 'Tax payers may have to bail out another firm'

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Sky News has learnt that ministers and Ofwat, the industry regulator, have started to hold discussions about the possibility of placing Thames Water into a special administration regime that would effectively take the company into temporary public ownership.

Thames Water serves 15 million customers across London and the southeast of England, and has come under intense pressure in recent years because of its poor record on leaks, sewage contamination, executive pay and shareholder dividends.

Read more on this here - https://news.sky.com/story/ministers-weigh-contingency-plan-for-collapse-of-thames-water-12910760

#thameswater #ofwat #whitehall

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