Government plans for the potential collapse of Thames Water
The embattled water company has been at threat of both nationalisation and collapse as its investors and creditors scramble to keep the group afloat.
It has been in talks with its largest group of creditors and the water regulator Ofwat over a rescue plan that would see lenders inject £5billion of new capital.
However, its creditors warned it has a 'very short and closing window' to ensure its survival as a private business. If the utility giant were to be placed into a special administration regime, customers would continue to receive water and sewage services, but it would be paid for by taxpayers.
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