Challenge to Thames Water rescue deal dismissed

A £3bn rescue indebtedness for Thames Water is inactive connected way aft an entreaty against the woody was dismissed.

The troubled steadfast secured the rescue indebtedness successful February, to stave disconnected the imaginable of the debt-laden institution coming nether authorities control.

But a tiny radical of lenders had argued against the presumption of the deal, portion Liberal Democrat MP Charlie Maynard had argued that other lending was not successful the nationalist interest.

This other backing allows Thames to proceed operating for astatine slightest different 12 months giving it clip to restructure its astir £20bn successful indebtedness and effort to pull caller investment.

The reasons for the Court of Appeal's determination are yet to beryllium released.

The BBC understands that Mr Maynard is inactive considering whether to entreaty against this latest ruling to the Supreme Court.