Burnham risks £4bn bill in Thames Water special administration

Thames Water’s potential entry into the special administration regime could require more than £4.1 billion of taxpayer funding over 18 months, as the incoming government weighs public control against a creditor-led restructuring involving £3.35 billion of new equity, £6.25 billion of new borrowing and a £9.6 billion debt write-off.

More from City AM.