Taxpayers and the pension schemes of Thames Water workers would both suffer if the UK’s largest water company was temporarily nationalised, the water regulator and Thames’ pension trustees have warned. Ofwat has not disputed that placing Thames under government control in the event the debt-laden company collapsed could end up costing taxpayers billions of pounds. Some 12,000 current and former employees could also see future pension entitlements reduced, according to documents seen by the BBC. The future of Thames Water is in the balance as the Court of Appeal considers whether a £3bn emergency loan to the troubled utility giant can go ahead.
Source link
