Britain prepared for range of scenarios when asked about Thames Water -spokesperson

Sky News reported Thames Water could be placed into temporary state ownership in the event that it collapsed under its 14 billion pound debt pile. "This is a matter for the company and its shareholders," a government spokesperson said on Wednesday. (Regulator) Ofwat continues to monitor the financial position of all the key water and wastewater companies,"

The British government said it prepared for a range of scenarios when asked about contingency plans for the indebted water company Thames Water. Sky News reported Thames Water could be placed into temporary state ownership in the event that it collapsed under its 14 billion pound debt pile.

"This is a matter for the company and its shareholders," a government spokesperson said on Wednesday. "We prepare for a range of scenarios across our regulated industries - including water - as any responsible government would."

"The sector as a whole is financially resilient. (Regulator) Ofwat continues to monitor the financial position of all the key water and wastewater companies,"