Britain weighs taking Thames Water utility into public ownership

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Being taken into temporary public ownership is among contingency plans being drawn up by the British government Wednesday to deal with the potential collapse of Britain's Thames Water, the country's largest water utility. File photo by Terry Schmitt/UPI | License Photo June 28 (UPI) -- The British government was Wednesday considering nationalizing Thames Water, the country's largest public water utility, among a range of options to address fears that an $18 billion debt mountain could cause it to go bust. Ministers, the Treasury and Ofwat, the industry regulator, were reportedly in preliminary talks about placing Thames Water into temporary public...