Business · 3 hours ago
Carney Warns Against Thames Water Nationalisation
Photo: Dr. Frank Gaeth (CC BY SA 4.0)
Mark Carney has warned Andy Burnham that nationalising Thames Water could deter foreign investment in Britain, the Telegraph reports. Canadian officials were said to be lobbying over risks to Royal Bank of Canada, a major creditor, if the utility entered public ownership without fair compensation for investors. The warning comes as Thames seeks more emergency funding after its rescue plan stalled amid creditor talks Sunday.
Reported by The Telegraph · How we write briefs