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Source:
The Guardian
Burnham considers reform to bring utilities under public control
The UK government, led by Andy Burnham, is considering changing insolvency laws to facilitate bringing Thames Water and other utilities under public control. One proposed approach involves amending the special administration regime to make it easier to place companies into insolvency and then take ownership, despite legal opposition from creditors. Officials are exploring legislative options to enable this shift, aiming to address failures in the water industry and combat rising bills, but the plan faces potential legal challenges from creditors and significant regulatory hurdles.
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