Thames Water nationalisation moves closer as government ‘objects to rescue deal’

<p>Environment secretary reportedly raises concerns that customers would face ‘undue burden’ from £10bn plan</p><ul><li><p><a href="https://www.theguardian.com/politics/2026/jun/05/thames-water-should-be-nationalised-andy-burnham">Thames Water should be nationalised, says Burnham</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/jun/16/japan-hikes-interest-rates-inflation-iran-war-thames-water-rescue-nationalisation-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The UK environment secretary has objected to a £10bn rescue proposal for Thames Water because it would place an “undue burden” on consumers, pushing the troubled utilities firm closer towards public ownership.</p><p>Emma Reynolds wrote to the regulator Ofwat on Monday to raise concerns about the plan for the UK’s biggest water company as she is worried that customers will lose out.</p> <a href="https://www.theguardian.com/business/2026/jun/16/thames-water-nationalisation-rescue-deal-ofwat">Continue reading...</a>