What’s going on?
The ongoing stand-off between Thames Water, its shareholders, the UK government and industry regulator Ofwat is “beginning to resemble the final scene of ”, says The Guardian. How long can the beleaguered utility remain standing in its present form? Who, if anyone, will be prepared to deliver the killer blow – in the form of bankruptcy, nationalisation, or a temporary government takeover and possible carve-up of the business? Thames Water has been under pressure for months, pulled down by its £18.3bn group debt pile and years of financial mismanagement, and pitted against a
