Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 Well the Treasury will continue to monitor very carefully what's happening at Thameswater.
00:04 Our understanding is that the company is still solvent and today's news should not have an
00:09 impact on the services received by customers. Obviously there are parts of the country where
00:16 the service has not been up to scratch, including in my own constituency, and local MPs will
00:21 continue to hold Thameswater to account in those situations, but overall we will continue
00:26 to watch the situation very carefully.