Thames Water lenders plan legal action over potential nationalisation

Lenders to Thames Water are preparing a legal challenge if the company is fully nationalized by a government led by Burnham, who supports increased public control of utilities. Thames Water, heavily in debt, faces potential insolvency, with proposals to write off part of the debt rejected by the government. The situation is complicated by ongoing discussions about rescue plans, possible temporary administration, or nationalization, which could result in taxpayers covering a multi-billion-pound bill.

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