AssetID: 55866470
Headline: UNCAPTIONED: Thames Water Creditors Prepare Nationalisation Challenge
Caption: Thames Water Creditors Prepare Nationalisation Challenge. Lenders to Thames Water are preparing a legal challenge if incoming prime minister Andy Burnham moves ahead with plans to nationalise the company. Burnham has previously called for greater public control of the water industry, while Thames Water is struggling with debts of around £20 billion. Creditors have proposed writing off almost half that debt and providing fresh funding, but the government rejected the plan, saying it would not protect consumers or the environment. Sources close to the lenders say they would seek full repayment if the company is nationalised, potentially leaving taxpayers with a multi-billion-pound bill. The government says it is prepared for all outcomes as efforts to secure Thames Water's future continue. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Thames Water,creditors,prepare,nationalisation,Andy Burnham,Prime Minister,United Kingdom,greater control,water industry,tax payers,struggling debt,funding,protect consumers
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