Government moves to reassure Thames Water customers as collapse fears mount

T

he Government has insisted work is going on “behind the scenes” to ensure that customers of debt-laden Thames Water “will not be impacted” following reports that the company is on the verge of going bust.

The utility giant is seeking to raise cash from investors as it struggles under a £14 billion debt pile, with the Government said to be drawing up contingency plans for the firm’s emergency nationalisation.

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