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systemically important company that the government needs to be super careful and think about all eventualities which is why the government and their water regulator are looking at potential contingency plans in the case of a collapse. as you said because of this heavy debt to the tune of £14 billion. it is looking at placing into what is known as a special administration machine that would put it into public ownership temporarily. this was used when the energy supplier collapsed in 2021. this would be at a high cost to the taxpayer. the backdrop is that we are in a cost crisis and at the time of reporting, water companies are looking at plans to raise water bills by up to 40% by the end of the decade to tackle the sewage crisis and because of climate change. looking at the numbers,

Contingency plansWater regulatorCore inflationAdministration machine4 billion14 billionEnergy supplierPublic ownershipCost crisisWater billsClimate changeWater companiesSewage crisis