Senior Whitehall officials fear Thames Water’s financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK’s Debt Management Office fear that, unless the UK’s biggest water company is renationalised as soon as possible, “prolonged uncertainty” about its fate could “damage confidence in UK plc at a sensitive time”, with elections in the UK and the US later this year. – Guardian
‘Before Brexit, we could phone up on Monday and have the plants here by Wednesday – it was dead easy,” says Richard McKenna, managing director of Provender…
This week sees the introduction of new government policy on the control of EU produce entering the UK, with firms fearing delays, rising costs and the ability of border posts to cope
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