Do not let Thames Water’s bondholders wriggle off the hook | Nils Pratley

Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in billsWhat is the new government’s policy on Thames Water? We’ll get a firmer guide – maybe – after regulator Ofwat gives its verdict on all the English and Welsh water companies’ business plans on Thursday. In the meantime, all we have to go on is this pre-election comment from Jonathan Reynolds, now the business secretary: “I wouldn’t want to see a nationalis