Business · 3 hours ago
Burnham Asks Officials for Radical Thames Water Options
Jim Linwood, CC BY 2.0, via Flickr/Wikimedia Commons
Prime Minister Andy Burnham has told officials to rip up their plans for Thames Water and bring him more radical options, the Guardian reports. One idea is turning about £100m of unpaid fines into a government stake in the struggling water company. Burnham has previously promised to nationalise Thames, which recently asked creditors for £2.4bn more, but a takeover could prove costly and legally complicated.
Reported by The Guardian · How we write briefs