The UK government is working on plans to nationalise Thames Water, Sky News reports. The indebted utility, which lost its chief executive on Tuesday, may be placed into a special administration regime, with ministers worrying about the company's ability to shoulder 14 billion pounds of debt.
A Thames Water operative views pallets of bottled water for distribution in Hampstead in London, Britain, March 5, 2018. REUTERS/Toby Melvillereports
. The indebted utility, which lost its chief executive on Tuesday, may be placed into a special administration regime, with ministers worrying about the company's ability to shoulder 14 billion pounds of debt. UK water companies, privatised by Margaret Thatcher in the 1980s, were supposed to be sleepy investments churning out inflation-proof dividends. But they have come under pressure in recent years due to tougher price controls, high investment and energy costs, and poor performance on spills.
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