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The Guardian - UK
The Guardian - UK
Business
Helena Horton and Sandra Laville

Billionaire Trump donor in line to make millions from Thames Water bid

Paul Singer Thames Water Thames Donald Trump Elliott Andy Burnham Elliott Investment Management London Valley Water United Kingdom
Paul Singer speaking at a conference
Paul Singer, 81, donated $5m to Trump’s Super Pac in 2024 – and millions more to his allies. Photograph: CNBC/NBCU Photo Bank/NBCUniversal/Getty Images

A billionaire Donald Trump donor could make millions from a deal being struck between the government and Thames Water.

The UK’s largest water company, ministers and creditors are at an impasse as they try to agree a rescue deal to stave off Thames’s collapse. The water company built up a £17.6bn debt pile in the decades after its privatisation.

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