politics United Kingdom
Burnham orders officials to explore options for Thames Water
100MGBP
Outstanding environmental fines owed by Thames Water amount to approximately ÂŁ100 million.
Prime Minister Andy Burnham has asked officials to develop more radical options for addressing Thames Water’s financial problems, including possible public ownership or a government stake.
1 sourceThe GuardianUpdated
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AllegedAndy Burnham told policy officials to consider options for Thames Water that had previously been regarded as infeasible.
“told policy officials across Whitehall to contemplate options that were not previously considered feasible”
AllegedThe government is considering converting Thames Water’s outstanding environmental fines into a government stake in the company.
“One option being looked at is to convert about £100m of outstanding fines into a government stake in the company”
- 100MGBP
Outstanding environmental fines owed by Thames Water amount to approximately ÂŁ100 million.
“the approximately £100m in environmental fines the company still owes”