EBENEZEREurope
Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’
Read full story on The Guardian →
United Kingdom — Alex Daniel
Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’
The group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board.
In a bid to stave off temporary nationalisation by Andy Burnham, the lenders said they would appoint Liz Barber, the former chief executive of Yorkshire Water, and Clive Selley, the former chief executive of network operator Openreach, as directors if they are allowed to take formal control of the company.
The group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board.
This report is published with credit to The Guardian. The wire sent a summary; open the original for any extra context. Read on The Guardian →
Source: The Guardian · Alex Daniel. Published 24 Aug 2026, 10:38 am.
Most relevant
Holyrood ‘inching towards moratorium’ amid concerns over massive proposed developments in Auchtertool and beyond
Read on The Guardian →Editor’s choice
An oil tanker was struck by a projectile in the Strait of Hormuz off the coast of Oman, causing damage but no casualties, the the United Kingdom Maritime Trade Operations (UKMTO) said early Tuesday. Tehran has imposed an effective blockade of the strait since the United States an
Read on France 24 →Also developing
Tens of thousands of people faced another night away from home on Monday as a wind-driven wildfire threatened Reno, Nevada, blanketing the city in smoke and closing schools. About 24,000 people remained under evacuation orders, down from more than 40,000 at the peak, while tens o
Read on France 24 →