Environment Secretary Emma Reynolds has confirmed the government is "ready" for Thames Water to go into a special administrative regime – a form of nationalisation – if it collapses.
Speaking to Sky News, Reynolds confirmed she had written to regulator Ofwat to highlight her concerns about a plan for the ailing water company put forward by creditors.
Concerns about Thames Water’s debt pile, succession of environmental fines and need to invest in infrastructure have seen it on long-term struggling trajectory.
Politics latest: https://news.sky.com/story/politics-latest-talks-taking-place-about-what-to-do-with-seized-shadow-fleet-tanker-as-it-sits-off-dorset-coast-12593360
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