Burnham has forced greater clarity at Thames Water. Now he must choose

Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility company Thames Water investors offer ‘golden share’ in bid to head off nationalisation What a difference a credible political threat of special administration at Thames Water can make. Suddenly, the bondholders are volunteering all manner of new ideas in their attempt to take over the ailing utility. Would you like the state to have a “golden share”, Mr Burnham? Here is a menu of “supervisory structures” that may meet your definition of “greater public control”. And please note that other “material improvemen