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Thames Water has received a £3 billion loan which will help it with its debts for at least another year. The UK's biggest water company could have been nationalised after fears it would run out of funding by Christmas.

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Thames Water could be temporarily nationalised, after the Environment Secretary criticised a bailout deal for the country's largest water supplier. Emma Reynolds told water regulator OfWat that the ten-billion-pound proposal was not 'good enough' for consumers or the environment. Debt-ridden Thames Water said they believe a market-led deal would be the best long-term solution.
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Thames Water could be temporarily nationalised, after the Environment Secretary criticised a bailout deal for the country's largest water supplier. Emma Reynolds told water regulator OfWat that the ten-billion-pound proposal was not 'good enough' for consumers or the environment. Debt-ridden Thames Water said they believe a market-led deal would be the best long-term solution.

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