Thames Water's Lenders Offer UK Government a Say in £10 Billion Rescue Deal

Thames Water's lenders, owed £17 billion, have proposed a £10 billion rescue deal giving the UK government veto power over big decisions. The offer includes a 10-year pause on investor payouts and cheaper bills for struggling households. The move aims to avoid the government taking over the company, which serves 16 million customers, under PM Andy Burnham.