Thames Water Creditors Offer UK Government Veto Power in £10 Billion Rescue Deal to Avert Nationalisation

Creditors holding £17 billion of Thames Water's debt have offered the UK government a "golden share" granting veto power over major decisions, as part of a £10 billion rescue deal. The proposal includes a 10-year dividend freeze and expanded social tariffs. The concession aims to avert nationalisation under PM Andy Burnham, who has called for "greater public control" of the utility serving 16 million customers.