Thames Water's Golden Gamble: Nationalisation or a Privatised Fix? The fate of Britain's largest water company, Thames Water, has long been a ticking time bomb.
A group of investors led by London & Valley Water (L&VW), which hold £17bn of the company's £21bn debt, have offered the government a "golden share" in an attempt to head off nationalisation.
This effort raises important questions about the role of private capital in providing essential public services and the true cost of keeping Thames Water in private hands.