Government urged to use power to control companies such as Thames Water and reform the industryThames Water and other failing water companies should be placed into special administration to allow the government to tackle much-needed reforms to the industry, campaigners say.Triggering special administration would put Thames and other failing companies in government control, removing a company’s directors, and ending the dividends paid to shareholders. The companies could then be transferred to new owners who could be publicly owned or controlled. Continue reading…
Source link : https://www.theguardian.com/business/2024/oct/01/calls-failing-english-water-firms-taken-over-special-administration
Author : Sandra Laville Environment correspondent
Publish date : 2024-10-01 11:40:44
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Calls for failing English water firms to be taken over using special administration
