Turmoil at the UK's biggest water company and the postponement of Madonna's world tour lead the papers.
A number of Thursday's papers lead with the news that Thames Water, the UK's largest water company, could be on the verge of collapse. The Metro says the company has £14bn in debts and is believed to be trying to raise £1bn from its shareholders as part of a bailout.Rescue measures under discussion among ministers and regulators include placing Thames Water into temporary national ownership in order to secure a refinancing package, according to the Guardian.
The government has pledged to fight any attempts in the House of Lords to "water down" legislation under which migrants entering the UK illegally would be sent to Rwanda, the Daily Express reports. A government source tells the paper: "We will not be doing this the polite way. There will be a showdown.
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Why Fears Over Thames Water's Collapse Have Sparked A Debate About Nationalising Water AgainMinisters are reportedly considering bringing Britain’s biggest water supplier into temporary public ownership as it struggles with a £14 billion debt pile.
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Thames Water boss steps down after giving up bonus over company's environmental performanceThe chief executive of Thames Water has resigned with immediate effect, after giving up her bonus last month over her company's poor environmental performance.
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