Debt-laden water supplier has secured a private emergency loan — but can’t use it because of ongoing legal action.

Rachel Reeves risks being forced to nationalise Thames Water just two days before her Spring Statement in a move that would force the Chancellor to tear up her spending plans.

LONDON -- LONDON (AP) — Thames Water, which serves 16 million people in and around London, has received court approval for up to 3 billion pounds ($3.7 billion) of emergency funding, preventing the ...