Thames Water lenders plot legal fight with Burnham over nationalisation

Investors behind Thames Water are gearing up for a costly legal showdown with the new government led by Andy Burnham should it push ahead with plans to nationalize the company. This move could potentially cost billions and would mark a significant shift in the water sector's private-public balance. Burnham's government is under pressure to address the company's financial struggles and poor service, which has led to calls for public ownership. The impending legal battle highlights the broader debate over privatization versus public control in essential services.