Thames Water creditors secure former Labour minister to drive rescue deal

LocalCryptoNews rails-and-venues note (2026-10-20): Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes aheadThe group of Thames Water creditors pursuing a £10bn… Primary source: original at The Guardian (theguardian.com).

October 20, 2026 10:49 AM GMT · The Guardian 1 min read

Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead

The group of Thames Water creditors pursuing a £10bn rescue deal for Britain’s largest water supplier has lined up a former senior Labour minister to chair the company, as it tries to win over the government.

The creditor consortium, called London & Valley Water, said on Tuesday that Lord John Hutton had been selected as independent chair designate of the Thames Water board, if the consortium’s takeover of the utility goes ahead.