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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Thames Water investors say temporary nationalisation would slow its recovery

A sewage plant worker in a hi-vis Thames Water jacket
Thames Water will run out of money by November without new investment, but says it is on the brink of agreeing a rescue deal with Ofwat. Photograph: Graeme Robertson/The Guardian

Investors in Thames Water have told the Labour government that a temporary nationalisation of the embattled company would slow its turnaround, after calls from Andy Burnham to put key utilities under public control.

As Keir Starmer’s grip on power appeared to be fading, the Greater Manchester mayor suggested at the weekend that the renationalisation of water and energy would form part of his policy agenda should he become prime minister.

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