LONDON: Britain’s Labour government on Tuesday raised objections over a proposed private rescue of Thames Water, increasing the prospect of the country’s biggest water supplier being nationalized. Heavily-indebted Thames, which supplies about 16 million homes and businesses in London and elsewhere in southern England, has so far avoided nationalization thanks to increased income, loans and hopes of fresh investment.

Environment secretary Emma Reynolds is understood to be concerned the deal places an ‘undue’ burden on taxpayers

Britain’s biggest water supplier, Thames Water, has moved a significant step closer to government control after ministers formally raised concerns about a proposed £10 billion…