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Thames Water nationalisation moves closer as government ‘objects to rescue deal’ Julia Kollewe
Environment secretary reportedly raises concerns that customers would face ‘undue burden’ from £10bn planThames Water should be nationalised, says BurnhamBusiness live – latest updatesThe UK environment secretary has objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing the troubled utilities firm closer towards public ownership.Emma Reynolds wrote to the regulator Ofwat on Monday to raise concerns about the plan for the UK’s biggest
16 June 2026 at 07:58

Thames Water nationalisation moves closer as government ‘objects to rescue deal’

16 June 2026 at 07:58

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

The UK environment secretary has objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing the troubled utilities firm closer towards public ownership.

Emma Reynolds wrote to the regulator Ofwat on Monday to raise concerns about the plan for the UK’s biggest water company as she is worried that customers will lose out.