Rishi Sunak has dispatched his business adviser to grapple with the crisis facing Thames Water, in a sign of jitters inside government about the potential collapse of Britain’s largest water utility.
The prime minister has tasked former Morgan Stanley executive Franck Petitgas, his special adviser on business and investment, to oversee talks between regulator Ofwat, Thames Water and the environment department Defra, as discussions edge closer to a crunch moment.
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