Thames Water creditors secure former Labour minister to drive rescue deal

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Thames Water creditors secure former Labour minister to drive rescue deal #921433 Tue 20 Oct 2026 10:49:AM
Joined: Feb 2001 Posts: 678,977 Los Angeles, USA Webmaster Launch Director
Webmaster Launch Director Joined: Feb 2001 Posts: 678,977 Los Angeles, USA	Thames Water creditors secure former Labour minister to drive rescue deal Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead The group of Thames Water creditors pursuing a £10bn rescue deal for Britain’s largest water supplier has lined up a former senior Labour minister to chair the company, as it tries to win over the government. The creditor consortium, called London & Valley Water, said on Tuesday that Lord John Hutton had been selected as independent chair designate of the Thames Water board, if the consortium’s takeover of the utility goes ahead. Continue reading... https://www.theguardian.com/business/2026/oct/20/thames-water-creditors-former-labour-minister-john-hutton-rescue-deal