Ministers weigh contingency plan for collapse of Thames Water
Tuesday, 27 June 2023 The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn debt-pile.
Representatives of Thames Water's multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the.. Sky News
Communities Secretary Michael Gove brands the management of Thames Water a “disgrace”, insisting they should “carry the can” for any future investment, instead of consumers. Bosses at the company have admitted the firm could face the risk of emergency nationalisation as its funding crisis deepened – after shareholders refused to give the troubled utility giant extra cash. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
After the breach of the Kakhovka dam in the Kherson region, the safety of theZaporizhzhia nuclear power plant might be in trouble, if latest reports are to be believed. The cooling pond at the..
Tuesday, 27 June 2023
The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn debt-pile.
![Minister: Thames Water management should carry the can [Video]](https://video.newsserve.net/300/v/20240328/1371202728-Minister-Thames-Water-management-should-carry-the-can.jpg)
![Chancellor: Treasury will monitor Thames Water carefully [Video]](https://video.newsserve.net/300/v/20240328/1371182628-Chancellor-Treasury-will-monitor-Thames-Water-carefully.jpg)
![Kakhovka Dam Breach: Zaporizhzhia nuclear plant may be in trouble, may spell doom| Oneindia News [Video]](https://video.newsserve.net/300/v/20230609/1353877758-Kakhovka-Dam-Breach-Zaporizhzhia-nuclear-plant-may-be.jpg)
