Thames Water lenders preparing legal challenge in event of Burnham nationalisation The incoming Labour government, led by Andy Burnham, is set to face significant challenges as it considers nationalizing the country's largest water company, Thames Water.
The company's mounting debts and looming pollution fines have prompted lenders to prepare a legal challenge that could leave taxpayers with a multi billion pound bill.
Thames Water's struggles to meet environmental standards and maintain its infrastructure have been years in the making.