Sunak Presses Thames Water to Clean Up Own Financial Mess.

The UK government is urging Thames Water, the country's largest water utility, to resolve its financial difficulties without government intervention. The government believes that it should not be the responsibility of taxpayers to assist a poorly managed private company. Thames Water, which has £16 billion ($20.2 billion) of debt, is facing a crisis after shareholders refused to provide £500 million of equity. The government's reluctance to intervene raises concerns about the company's future, as it supplies 25% of England, including London, with water. The decision on whether to provide a taxpayer-funded rescue package may fall to the next government, as the current administration is focused on tax cuts and privatization of water was a flagship policy of former Conservative Prime Minister Margaret Thatcher. [Extracted from the article]