All the updated news related to nationalisation

All the news related to nationalisation updated in real time

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City

Government moves to reassure Thames Water customers as collapse fears mount

The Government has insisted work is going on “behind the scenes” to ensure that customers of debt-laden Thames Water “will not be impacted” following reports that the company is on the verge of going bust. The utility giant is seeking to raise cash ...

28 Jun 2023 at 20:56

Thames Water working to secure cash as Government draws up nationalisation plan

City

Thames Water working to secure funds as Government draws up nationalisation plan

Debt-laden utility giant Thames Water has said it is working with shareholders to secure the cash it needs after reports that ministers are drawing up contingency plans for its collapse. The company, which serves 15 million households, said on ...

28 Jun 2023 at 13:41

City

Ministers work up Thames Water plan as regulator keeps watch on sector debts

Ministers have looked to allay fears around the impact of Thames Water potentially going under as the regulator vowed to work with the sector to deal with its debt levels. Work and Pensions Secretary Mel Stride said there were “contingency ...

29 Jun 2023 at 00:45

City

Contingency plans being drawn up for possible collapse of Thames Water – reports

The Government is reportedly drawing up contingency plans for the emergency nationalisation of Thames Water as concerns grow over its mammoth £14 billion debt pile. Ministers are said to be in talks about the possibility of temporarily ...

28 Jun 2023 at 11:48

City

Thames Water has ‘secure and committed’ funding, Government insists

The Government has doubled down on its reassurances that troubled Thames Water has “secure and committed” funding, as the water sector’s £60 billion debt pile comes under greater scrutiny. Access to water and utility bills will not be ...

29 Jun 2023 at 16:02

Calls to nationalise TransPennine Express after ‘one of worst days yet’

Ministers must nationalise TransPennine Express following “one of the worst days yet” for passengers, according to Labour. Shadow transport secretary Louise Haigh said more than 120 TransPennine Express services were cancelled or ...

19 Jan 2023 at 15:05

Labour would seek to end rail industry ‘boom and bust’, Sir Keir Starmer says

Labour would bring an end to the “boom and bust” cycle for the rail industry, Sir Keir Starmer has said, as his party sets out its plans for the rail sector. The Labour leader said that employees at UK-based train makers were ...

25 Apr 2024 at 18:00

Q&A: Labour’s plan for rail reform and the background to nationalisation

Labour has announced a flagship policy to renationalise the railways if the party wins the general election. Here, the PA news agency sets out the details of the plan, the political response and the historical background on ...

25 Apr 2024 at 16:22

Labour pledges to renationalise railways ‘well within first term’ if elected

Labour has pledged to renationalise the railways if elected, with the shadow transport secretary saying that “today’s broken model simply doesn’t work”. A Labour government would expect to transfer the 10 remaining ...

25 Apr 2024 at 10:31

What is behind Thames Water’s latest planned bill hike and ongoing cash crunch?

City

What is behind Thames Water’s cash crunch and is it heading for nationalisation?

Thames Water has put forward new business plans to the industry regulator as it races to secure funding and stave off the threat of nationalisation. Its latest plan has seen it warn of 44% hikes in customer bills ...

22 Apr 2024 at 16:04

City

Thames Water appoints new chair as questions swirl about its future

Thames Water has chosen a new chairman just two days after its chief executive stepped down amid serious questions over the debt-laden company’s future. It came as the Government tried to calm the waters by ...

29 Jun 2023 at 17:34

City

Ratings agencies downgrade Thames Water further into ‘junk’ status

Credit agencies Moody’s and S&P have downgraded Thames Water’s debt rating even deeper into junk status, in a fresh blow to the struggling utility. The agencies have both cut their ratings for the water ...

27 Sept 2024 at 09:24

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