How Labour Collapsed The Deal to Save Thames Water

When news broke yesterday that private equity powerhouse KKR had pulled out of its bid to rescue troubled Thames Water – withdrawing £4 billion of desperately-needed cash in the process – the government sought to hide its embarrassment. Environment secretary Steve Reed boasted to Parliament that “we have worked with the water companies to secure £104 billion pounds of private sector investment to rebuild our broken water infrastructure – that means new sewage pipes, fewer leaking pipes and new reservoirs across the country”.[…] Read the rest