Reeves says Thames Water should find ‘market-based solution’
by Lauren Almeida from World news | The Guardian on (#6ZPY4)
Chancellor aims to reassure creditors but says ministers are planning for all options including special administration
Rachel Reeves has told investors she would like to see a market-based solution" for problems at Thames Water, rather than placing the company into special administration.
The chancellor sent a letter in July to the Thames Water creditor group, which represents about 100 financial institutions that are trying to create a rescue plan for the company.
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