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Evening Standard
Evening Standard
Business
Holly Williams

Thames Water rescue in doubt as Government ‘raises objections over deal’

Thames Water Emma Reynolds Ofwat Andy Burnham United States

Thames Water is reportedly on the brink of temporary nationalisation after the Environment Secretary cast doubt on a £10 billion rescue deal for the troubled supplier.

Emma Reynolds is understood to have written to water regulator Ofwat on Monday warning the current bid tabled by Thames Water creditors would place an “undue burden” on customers.

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