UK Government Prepares for Potential Nationalisation of Thames Water

As Thames Water faces financial crisis, the government may take over, absorbing substantial debts and restructuring the company.

Government's 'Project Timber' plans could lead to nationalisation of Thames Water amid its £15 billion debt crisis.
Creditors of Thames Water could face losses up to 40% if the company is nationalised.
Proposed restructuring includes splitting Thames Water into two entities, potentially improving management and financial stability.
Officials express hope to avoid nationalisation, but contingency plans are in place due to the severity of Thames Water’s financial situation.
Renationalisation could significantly impact the UK's infrastructure sector and investor confidence.