Burnham's Turning Point: Can He Seize Control of Thames Water? The UK government's threat of special administration at Thames Water has brought much needed clarity to the crisis ridden firm.
However, as bondholders offer concessions and attempt to outmaneuver the state, it remains unclear whether this development will benefit consumers or simply pave the way for more corporate maneuvering.
A Pattern of Weakness The government's initial approach to tackling Thames Water's problems has been marked by indecision and a reluctance to take decisive action.