The tide is turning on Thames Water: special administration looks best

It is still not totally clear what the government wants but the political mood seems to be shifting towards a decision Thames Water nationalisation moves closer as government objects to rescue deal At last, Emma Reynolds, the environment secretary, has opined on the future of Thames Water. So what’s it to be? A takeover by the company’s creditors? Special administration, which would allow anyone to pitch up with an offer while the state temporarily funds the company? Or even a quick flush to full nationalisation? Well, two years after Thames’s shareholders walked away, and 18 months after the

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