Thames Water Creditors Offer UK Government Veto in £10 Billion Rescue Deal

Thames Water's creditors, holding £17 billion in debt, propose a £10 billion rescue package offering the UK government a "golden share" — a veto over major decisions. The deal includes a 10-year dividend freeze and expanded social tariffs, aiming to prevent nationalisation under PM Andy Burnham, who favours "greater public control" of the utility serving 16 million customers.