According to two people knowing the situation, granted to the anonymity of politico to talk about sensitive questions, the Water Thames will lack money if there is no resolution in the case by March 24 – which would mean that the company would crash on the special administration.
Treasury officials met on Wednesday to install this scenario and establish plans for temporary rescue of the largest British water company.
Thames Water said in the past that he needed 2 billion sterling pounds per year to work, which would provide another headache for British Chancellor Rachel Reeves while she is preparing to reduce public spending in other areas.
A spokesman for the British government said: “Society remains stable and the government is closely monitored the situation. It would be inappropriate to further comment on the current legal proceedings or the financial issues of the private company. »»
One of the people involved in the situation said that the Treasury “only woke up because it is now a reality. They assumed that market -based rescue was possible.”
Outrage of the public
Thames Water is the largest British water company, serving around 16 million people.
Politices
