Thames Water creditors and government in stand-off over future

Investors want clarity over potential nationalisation but ministers insist no decision is imminent

THAMES WATER is “reshuffling chairs on the deck of the Titanic,” campaigners said today after the company revealed plans to appoint four new directors to avoid nationalisation. Former Yorkshire Water chief executive Liz Barber, ex-Department for Transport permanent secretary Dame Bernadette Kelly and former BT Openreac

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’ Business live – latest updates The group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board. In