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The Latest Breaking News from Thames Water

BT pension scheme lost £300m on Thames Water stake

Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation

The Guardian - UK

Burnham ally to unveil ambitious plan to reverse decades of privatisation

Exclusive: Productive State policy paper envisages state regaining control of basics to make life affordable, in fleshing out of Manchesterism

The Guardian - UK

What Andy Burnham as prime minister might mean for your mortgage, taxes and money

The Makerfield by-election winner has spoken out on income tax, stamp duty and more – so what might change?

The Independent UK

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read the most diverse news in one place.

Campaigner threatened with prosecution by Environment Agency after waterway cleanup

Paul Powlesland told he acted illegally after organising volunteers to remove litter, weed and silt from River Roding

The Guardian - UK

The tide is turning on Thames Water: special administration looks best

It is still not totally clear what the government wants but the political mood seems to be shifting towards a decision

The Guardian - UK

£10bn Thames Water rescue bid poses ‘unfair costs to customers’ – minister

Environment Secretary Emma Reynolds has warned the proposals to rescue the stricken utility do not sufficiently protect consumers or the environment.

Evening Standard

Government raises doubts over £10bn rescue deal for troubled Thames Water

The Environment Secretary said she had written to regulator Ofwat to say the rescue bid did not sufficiently protect consumers’ interests.

Evening Standard

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Concerns over rescue deal could mean Thames Water is nationalised

IN FULL

The Independent UK

Thames water crisis deepens after government objects to £10bn rescue plan

Britain's largest water supplier, Thames Water, faces potential government control as ministers question a £10 billion rescue plan. Serving 16 million, the debt-laden company could enter a temporary nationalisation if regulators reject the creditor-led proposal. Concerns centre on customer burdens and environmental protections amid years of mismanagement.

The Times of India

Thames Water edges closer to nationalisation amid minister’s concerns over rescue deal

Environment secretary Emma Reynolds is understood to be concerned the deal places an ‘undue’ burden on taxpayers

The Independent UK

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

Emma Reynolds is said to have written to Ofwat warning the current bid tabled by Thames Water creditors would place an ‘undue burden’ on customers.

Evening Standard

Thames Water nationalisation moves closer as government objects to rescue deal

Environment secretary raises concerns that customers would face ‘undue burden’ from £10bn plan

The Guardian - UK

Brent crude falls to three-month low below $80 as Iranian oil tankers ‘resume shipping’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Public control of water and energy at heart of Burnham agenda, sources say

Exclusive: Greater Manchester mayor ‘serious’ about taking over ‘essentials of life’ if he becomes PM, a move critics say could cost taxpayer billions

The Guardian - UK

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The Guardian - UK

Thames Water should be nationalised, says Andy Burnham

Exclusive: Labour’s Makerfield byelection candidate advocates public ownership of water companies as he prepares for potential leadership bid

Evening Standard

Thames Water asks Londoners to stop using hosepipes as hot weather causes shortages

The company said the demand for water increased by up to 50% in some areas following record-breaking temperatures in May

The Independent UK

Millions asked to stop using hosepipes amid record-breaking UK heatwave

IN FULL

The Independent UK

Thames Water asks millions to stop using hosepipes to save water during heatwave

Demand for water has increased by up to 50 per cent in some areas of London and the South East, Thames Water said

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The Independent UK

Thousands of homes in Kent still face water supply issues as demand soars in heatwave

A record-breaking heatwave that has seen temperatures peak at 35C has caused water shortages due to reservoir supplies running low

The Guardian - UK

The establishment reaction to Andy Burnham’s rise is a sign of the fight to come

The old settlement will not politely bow out for its replacement – which is why progressives must take action on these three fronts, says Labour MP Clive Lewis

The Guardian - UK

Monday briefing: Why public patience with privatisation has finally run out

In today’s newsletter: Decades after the great privatisation experiment, voters are questioning who utilities really serve, and Labour’s cautious approach is wearing thin

Evening Standard

London river polluted by untreated waste flowing from homes

The Wandle, one of the capital’s most biodiverse rivers, is being polluted due to household plumbing ‘misconnections’

The Guardian - UK

Billionaire Trump donor in line to make millions from Thames Water bid

Paul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK government

The Guardian - UK

Thames Water rescue deal threatened by uncertainty over next prime minister

Exclusive: Potential investors fear Andy Burnham could push to bring utility companies into public ownership

The Guardian - UK

Thames Water investors say temporary nationalisation would slow its recovery

Comments come after Andy Burnham says he would renationalise water and other businesses as PM

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