In the news

More on the ongoing Thames Water debacle:

DEFRA quietly updated the rules for Special Administrative Regime for water companies.

The legislation contains provisions that will allow a water monopoly to enter administration, restructure its borrowings and then exit as a “going concern”.

Under the current rules, water company assets have to be sold off, and the corporate entity liquidated, if they go into administration. The new rules would allow existing shareholders to potentially retain a stake.

So they know TW is not viable and will need to go into administration but are doing everything in their power not to nationalise it.

https://www.ft.com/content/378dcb3e-4559-489d-b4f1-f959bd3de920
or
https://archive.is/a8DhX