Thames Water moves step closer to nationalisation after government objects to rescue deal
A government spokesman tells the BBC that the current offer "does not do enough to protect consumers or the environment".
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"I did not want a scenario where Thames Water customers had to pick up the bill for the company's failures."
— Emma Reynolds , Politician
"mi «opinión inicial» es que la propuesta de los acreedores no protege suficientemente a los consumidores ni al medio ambiente"
— Emma Reynolds , Politician
"Estaremos preparados para cualquier eventualidad, incluido el régimen de administración especial."
— Emma Reynolds , Politician
"it was her 'early view' that the proposal from creditors did not do enough to protect consumers or the environment."
— Emma Reynolds , Politician
"the proposal from creditors did not do enough to protect consumers or the environment"
— Emma Reynolds , Politician
"We will stand ready for all eventualities including SAR"
— Emma Reynolds , Politician
"would extend fuel excise relief to another month. This would make petrol and diesel 16c per litre less than normal prices for July."
— Anthony Albanese , Politician
"there will be no toll for the passage of ships through the Strait before or after the ceasefire period of 60 days."
— Donald Trump , Politician
"It was clear from the outset that this deal would do nothing for consumers or the environment, and it’s a relief to see that government recognise that."
— Cliff Roney , Activist
"Temporary nationalisation is not enough to end uncertainty for water workers, and it won’t fix the deep-seated problems with Thames Water."
— Cliff Roney , Activist
"Renationalisation is the only way to end this farce and protect consumers, water workers, and our precious waterways."
— Cliff Roney , Activist
"the proposal's adequacy for environmental and consumer interests"
— Emma Reynolds , Politician
"Je ne suis pas convaincue que la proposition actuelle soit suffisamment bonne pour les consommateurs ou pour l'environnement."
— Emma Reynolds , Politician
Key People
Anthony Albanese is the Prime Minister of Australia.
Ayatollah Mojtaba Khamenei is Iran's Supreme Leader.
GMB activist and former water worker.
Former president of the United States known for his aggressive economic policies.
Emma Reynolds is the Environment Secretary in the UK government.
President of Iran.
Advisor to the Iranian Supreme Leader.
Tags
All Coverage
A government spokesman tells the BBC that the current offer "does not do enough to protect consumers or the environment".
Emma Reynolds, ministra británica de Medio Ambiente, ha expresado preocupaciones al regulador del agua, Ofwat, sobre el impacto potencial del paquete de rescate de £10 mil millones para Thames Water en los consumidores y el medio ambiente.
Emma Reynolds, ministra británica de Medio Ambiente, ha expresado preocupaciones al regulador del agua, Ofwat, sobre el impacto potencial del paquete de rescate de £10 mil millones para Thames Water en los consumidores y el medio ambiente.
The private equity firm KKR, which was leading a rescue of Thames Water, has withdrawn, leaving the company facing potential nationalisation.
Thames Water's future is uncertain after KKR's withdrawal from its £4bn rescue plan, raising the possibility of temporary nationalisation.
The GMB Union responded to the government's rejection of the Thames Water rescue deal, calling for renationalisation to protect workers and consumers and end the uncertainty surrounding the company's future.
The UK government rejected a £10 billion rescue proposal for Thames Water, raising the possibility of nationalisation. Environment Minister Emma Reynolds questioned the proposal's adequacy for consumer and environmental protection.
The UK government opposed a plan to inject private capital into Thames Water, reigniting the prospect of nationalisation. Environment Minister Emma Reynolds expressed concerns that the proposal was insufficient for consumer and environmental protection.
Environment Minister Emma Reynolds has raised concerns to water regulator Ofwat that customers will lose out in a proposed £10 billion rescue package for Thames Water.
The British government rejected a £10 billion rescue plan for Thames Water, increasing the likelihood of nationalisation. Environment Minister Emma Reynolds expressed concerns that the proposal did not sufficiently protect consumers or the environment.
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