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Thames Water creditors accused of ‘shuffling deckchairs’ with plan for new board

  • Thames Water: 8 events in the last 90 days

What happened

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’ Business live – latest updates 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 Li…

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