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…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”