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UK holds crisis talks as top water supplier seeks cash
  + stars: | 2023-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain's biggest water supplier stepped down with immediate effect on Tuesday. The British government has held emergency talks over the fate of the country's biggest water supplier, Thames Water, and said it is ready for any outcome, including temporary state ownership, as the company buckles under huge debts. "We need to make sure that Thames Water as an entity survives," business and trade minister Kemi Badenoch told Sky News. Ofwat said it had been in ongoing talks with Thames Water about the need for a credible plan to turn the business around.
Persons: Rebecca Pow, Rishi Sunak's, Pow, Kemi Badenoch, Ofwat Organizations: Engineers, Thames, Conservatives, Sky News, Water Locations: London, England, Wales
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