Thames Water could be taken over by the government

Reports suggest that the UK government may nationalize Thames Water due to its £15 million debt, amid preparations with a blueprint named 'Project Timber' in Whitehall.

Speculation includes potentially breaking the company into two entities catering to London and Thames Valley, despite Ofwat and the government's initial optimism against such a move.

Read at London Business News | Londonlovesbusiness.com