Incoming UK PM Burnham’s battle with Wall Street over Thames Water risks a GBP 20bln bill, reports The Telegraph
Newsquawk Staff ·
- If he attempts to nationalise Thames Water, industry sources warn that he risks a significant backlash from hedge funds that have spent the last two years trying to seize control of it.
What it means
This report indicates potential conflict between incoming UK PM Burnham and hedge funds over Thames Water, which could lead to substantial financial repercussions if nationalization is pursued. The GBP 20 billion figure highlights the stakes involved and suggests heightened geopolitical risk, which could impact GBP and related asset classes as confidence in UK governance wavers amidst market tensions.
Sources
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