The government has said it’s ‘prepared for a range of scenarios’ as reports suggest Thames Water, which is allegedly £14 billion in debt, could be on the brink of collapse.
These could include putting it under a special administration regime, which would see it temporarily taken over by the government.When asked about the reports, a spokesperson for the Department for Environment, Food and Rural Affairs said it was ‘a matter for the company and its shareholders’.
They added: ‘We prepare for a range of scenarios across our regulated industries – including water – as any responsible government would. ‘The sector as a whole is financially resilient. Ofwat continues to monitor the financial position of all the key water and wastewater companies.’ Thames Water is yet to comment on the speculation over its future. It also hasn’t given a reason for Sarah Bentley’s departure – though it came weeks after she was asked to give up her bonus over sewage spills.
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