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Evening Standard

Business

Christopher McKeon

Thames Water creditors open to talks with Andy Burnham on more ‘public control’

Andy Burnham Thames Water Mike McTighe

A group of Thames Water’s largest creditors has said it is willing to discuss greater ‘public ownership’ of the struggling utility as it attempts to stave off temporary nationalisation (Andrew Matthews/PA) - (PA Archive)

Investors in Thames Water have said they are willing to discuss greater “public control” of the utility amid reports Andy Burnham could temporarily nationalise the struggling company.

Turnaround specialist Mike McTighe, who is working with the largest group of Thames Water’s creditors, said UK and international investors were willing to work with incoming ministers to “rebuild confidence” in the debt-laden firm.

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