Thames Water investors say temporary nationalisation would slow its recovery
Thames Water faces a financial crisis and could run out of money by November without a rescue deal, though it is close to finalizing an agreement with creditors and regulator Ofwat. Investors warn that temporary nationalisation, proposed by Labour figure Andy Burnham, would delay the company's recovery and destabilize ongoing efforts. The proposed private-sector solution aims to secure £10bn in funding without taxpayer cost, avoiding government intervention.
- ▪Thames Water will run out of money by November without new investment but is nearing a rescue deal with Ofwat and creditors.
- ▪Investors argue that temporary nationalisation would delay the turnaround, increase uncertainty, and disrupt two years of restructuring efforts.
- ▪The proposed rescue plan requires £10bn, involves no government funding, and is seen as the fastest route to stabilizing the company and improving services.
- ▪Andy Burnham has called for renationalising water and other utilities, contrasting with the current government's support for a private-sector solution.
- ▪Share prices of listed water companies fell sharply following renewed political debate over nationalisation and investor concerns about policy uncertainty.
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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 GuardianView image in fullscreenThames 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 GuardianThames WaterThames Water investors say temporary nationalisation would slow its recoveryComments come after Andy Burnham says he would renationalise water and other businesses as PMSarah ButlerSun 17 May 2026 08.16 EDTLast modified on Sun 17 May 2026 08.18 EDTSharePrefer the Guardian on GoogleInvestors in Thames Water have told the Labour government that a temporary nationalisation of the embattled company would…
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