Government opposes deal, putting Thames Water rescue at risk

A proposed rescue plan for Thames Water has encountered a setback. The UK government has rejected the deal, describing it as weak. The opposition threatens the viability of the utility's financial rescue. Thames Water has been struggling with debt and infrastructure issues. Officials argue the agreement does not provide sufficient protection for consumers. The company must now seek an alternative arrangement. Regulators are monitoring the situation closely. Stakeholders await further negotiations to secure the utility's future.