Thames Water creditors name ex-minister Hutton as chair designate in £10bn rescue bid

The creditor consortium London & Valley Water has selected former Labour minister Lord John Hutton as independent chair designate for Thames Water, contingent on its £10bn takeover succeeding. This move aims to build government confidence in the rescue plan for the UK's largest water supplier, which is under financial stress. The outcome remains uncertain as the takeover is not yet approved, but the appointment signals progress in the rescue effort.

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