Kemi Badenoch said she is 'very concerned' about fears Thames Water could collapse, saying the govt needs to make sure that the company survives. Contingency plans are being drawn up as doubts grow about the ability of the firm to service its £14bn debt.
, sparking concerns that it could cost taxpayers billions of pounds.
However Kemi Badenoch, the business secretary, went further and admitted she is"very concerned" by the situation.Kemi Badenoch 'very concerned' about fears Thames Water could collapse It has come under intense pressure in recent years because of its poor record on leaks, sewage contamination, executive pay and shareholder dividends.
Taking Thames Water into temporary public ownership would inevitably fuel calls from critics of the privatised water industry to renationalise all of the country's major water companies.
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