Burnham Hit with Legal Threat from Thames Water Creditors Over Nationalisation Plans The incoming administration of Prime Minister Andy Burnham faces a daunting challenge in its first weeks in office, as it addresses the precarious financial situation of Thames Water, Britain's largest water company.
The government's plans to nationalise the struggling firm have been met with a stern warning from creditors, who threaten to take legal action if their debts are not paid off.
The creditor group includes some of the biggest names in international finance, including Invesco, Elliott Management, and Silver Point Capital.