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Ministers plan legally binding debt targets for England’s water companies
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NEWSDECK ANALYSIS
England's water companies have faced scrutiny in recent years over their financial management and environmental performance, with Thames Water being a notable example of the challenges faced by the sector. The introduction of legally binding debt targets would mark a significant shift in the regulation of these companies, which have historically been subject to less stringent financial oversight. This move comes amidst ongoing debates about the role of private companies in providing essential public services, including water supply.
This story is currently only covered by one source from a single part of the political spectrum. NewsDeck will update this page automatically if other outlets pick up the story.
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Guardian Business
Ministers plan legally binding debt targets for England’s water companies
Exclusive: Move comes as allies of Andy Burnham work on proposals to take water companies into public control
Ministers are drawing up plans to set legally binding debt targets for England’s water companies as they look for ways to avoid another corporate failure such as Thames Water.
Sources say Emma Reynolds, the environment secretary, is working on proposals that would force companies to keep their debt below cert…
10 Jul, 11:23
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