General · 1 July 2026
Thames Water: Why ministers rejected a £10B rescue without meeting investors
People could face more uncertainty over Thames Water's future after ministers decided against a rescue proposal. Emma Reynolds turned down the plan without meeting the investor group beforehand, according to the report. Officials instead relied on advice from government staff, while the proposed package was valued at £10 billion and still required Ofwat's decision.
Reported by City AM · How we write briefs