Britain’s new Prime Minister could be about to bring the country’s largest water company, Thames Water, into public control.

Since winning the Makerfield by-election that put him on the path to No 10, Andy Burnham’s team has been drawing up plans on how to seize control of the failing water company.

But solving the Thames Water dilemma is far from straightforward; it’s a question Labour has been wrestling with since it came into power two years ago.

Shorts

At the heart of it is a debate over how much public ownership would cost the taxpayer – with the potential for full nationalisation of utility firms running in to the billions of pounds.