Thames Water moves step closer to nationalisation after government objects to rescue deal

Thames Water has moved a step closer to nationalisation after the government objected to a proposed rescue deal. The government has stated that the current offer does not adequately protect consumers or the environment. A government spokesman expressed concerns that the deal falls short of expectations, prompting further scrutiny of the company's operations. Thames Water's potential nationalisation is now a more likely outcome as a result of the government's objections.

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