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The UK government and Ofwat, the industry regulator, have initiated talks regarding the potential temporary public ownership of Thames Water, the country’s largest water company. These discussions come as concerns grow in Whitehall about the firm’s ability to manage its £14bn debt. While the government spokesperson stated that the debt is a matter for the
The potential temporary public ownership of Thames Water has brought the privatisation of the water industry back into the spotlight. This move comes after the company’s CEO resigned abruptly, and Sky News reported on government contingency plans for the company’s potential collapse. Over the years, the water sector has faced numerous controversies and scandals, leading
The San Bernardino County Sheriff’s Department has confirmed that human remains discovered in a mountainous area in California belong to British actor Julian Sands. Sands, 65 years old, had been reported missing over five months ago in the Mount Baldy region of the San Gabriel mountains. Hikers stumbled upon the remains on Saturday morning, and
Following the announcement of a surprise increase in the interest rate to 5% and inflation remaining at 8.7%, UK Prime Minister Rishi Sunak has pledged to reduce both the Bank of England’s base rate and price growth. Sunak, who previously served as Chancellor of the Exchequer, has sought to demonstrate his financial expertise and attention