Winding Up — Thames Water deal douses nationalisation fears ahead of budget
- Bianca Boorer
Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here.
Labour will be wiping away the sweat from their brow and breathing a sigh of relief as Thames Water announced today that it struck a deal with its Class A creditors for up to £3bn in emergency financing. This comes at an opportune moment, a week ahead of the Chancellor of the Exchequer Rachel Reeves announces the government’s autumn budget next week (on 30 October).