- The government rejected a £10bn bailout package for a company, while the Environment Secretary opposed the rescue bid, and the Mayor advocated for state ownership of utilities.
- Andy Burnham supports public ownership of the water industry amid ongoing sector challenges.
Advocates are discussing potential bail-in mechanisms and mutualised models for company rescue, mirroring Bank of England usage.
2 reports, 1 independent
Updated Aug 1
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What happened
Advocates are discussing potential bail-in mechanisms and mutualised models for company rescue, mirroring Bank of England usage.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Andy Burnham supports public ownership of the water industry amid ongoing sector challenges.Also in this story
All 4 developmentsThe entities involved
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Thames Water
UK water company
- A consortium including Apollo Global Management and Silver Point Capital is being formed regarding the future of Thames Water.
- Government oversight pressures the Thames Water rescue bid while Secretary Reynolds advises against it. Concurrently, Andy Burnham seeks a leadership challenge against Keir Starmer.
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Andy Burnham
British politician (born 1970)