Thames Water rescue plan attacked by excluded bidders

Thames Water's rescue plan is facing criticism from excluded bidders like CKI Holdings and Castle Water amid financial struggles, with the UK's largest water utility at risk of collapsing. Exclusive talks with lenders seek to address the utility's £20bn debt, proposing debt write-offs and new cash injections. However, potential bidders express frustration at being shut out of the process, with Barclays warning of potential bill increases if the lenders' proposal is accepted, citing customer risk and financial burdens.