£10bn Thames Water rescue bid poses ‘unfair costs to customers’ – minister

A rescue bid for Thames Water puts unfair cost on consumers, minister warns (Yui Mok/PA) - (PA Archive)

A £10 billion rescue bid for Thames Water poses an “unfair cost to consumers”, Environment Secretary Emma Reynolds has warned.

Ms Reynolds told the Commons she had written to regulator Ofwat to say that she did not believe the plan to relieve the stricken utility goes far enough to protect customers or the environment.