Government 'prepared for range of scenarios' amid Thames Water fears

The government has said it is prepared for a "Range of scenarios" following reports that Thames Water could be on the brink of collapse. Ministers declined to comment on the company's situation, but said regulator Ofwat monitored "The financial position" of all water firms. Thames Water has been under pressure over its performance and is reportedly struggling under a £14bn debt pile. One option would be placing Thames Water in a special administration regime, which would see it temporarily taken over by the government. They added: "We prepare for a range of scenarios across our regulated industries - including water - as any responsible government would."The sector as a whole is financially resilient.

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