Thames Water is sinking fast after US private equity giant KKR confirmed it will not inject £4 billion of equity into the company. The firm has “indicated that it will not be in a position to proceed, and its preferred partner status has now lapsed” Thames Water admitted. While a few other firms are still possible investors, hopes of the company staying afloat through the private sector are drying up…
With Thames Water needing to secure fresh funding by the end of this month, the company now inches closer to entering a special administration regime – and the taxpayer may be forced to fork out billions to bail it out. Nationalisation could soon be flowing down the pipe…
Kemi Badenoch at the 1922-ConHome bash last night:
“I did praise [Burnham] for his stamina, it was amazing. All I had to do was sit back and lie there. I didn’t have to do anything at all…”