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The Guardian - UK

National

Helena Horton and Kiran Stacey

Thames Water rescue deal threatened by uncertainty over next prime minister

Thames Thames Water Andy Burnham Sir Keir Starmer Compass

A worker in high-visibility orange uniform operates equipment near a Thames Water van on a street — Ministers are negotiating a rescue deal for the stricken water company with a consortium of creditors. Photograph: Maureen McLean/REX/Shutterstock

A rescue deal for Thames Water is under threat because of a potential change in prime minister, government insiders have said.

Ministers are negotiating a takeover deal for the stricken water company with a consortium of creditors led by American investment firm Elliott Management.

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