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Thames Water rescue deal threatened by uncertainty over next prime minister

Exclusive: Potential investors fear Andy Burnham could push to bring utility companies into public ownership

A rescue deal for Thames Water is under threat because of a potential change in prime minister, government insiders have said.

Ministers are negotiating a takeover deal for the stricken water company with a consortium of creditors led by American investment firm Elliott Management.

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May 19, 2026 UK news Business Utilities

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