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Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money
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More on the future of Thames Water, with the Guardian seeming to have seen a blueprint for its renationalisation, involving the government picking up the tab for the majority of the £15bn debt racked up. Of course, the executives in charge of what might be one of the largest corporate disasters in recent history will, of course, have trousered significant rewards for dreadful performance.
It willl be entertaining to see how this plays out. I'm prepared to bet that the current government will be doing its best to keep a zombie firm alive until a General Election. What an advert for privatisation!