Thames Water nears nationalisation after government rejects rescue plan
The UK government has objected to a rescue plan for Thames Water, bringing the company closer to potential nationalisation. The company, serving around 16 million customers mainly in London and southern England, faces financial difficulties and operational challenges, including sewage discharges and leaks. Without an approved deal, Thames Water risks collapse within months, prompting government consideration of temporary nationalisation under a special administration regime to maintain essential services.
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