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Rishi Sunak parachutes Petitgas into Thames Water talks as crunch point looms

The prime minister’s business aide is overseeing efforts to avert the utility’s potential failure
Franck Petitgas will oversee talks between Thames Water, Ofwat and Defra

Rishi Sunak has dispatched his business adviser to grapple with the crisis facing Thames Water, in a sign of jitters inside government about the potential collapse of Britain’s largest water utility. 

The prime minister has tasked former Morgan Stanley executive Franck Petitgas, his special adviser on business and investment, to oversee talks between regulator Ofwat, Thames Water and the environment department Defra, as discussions edge closer to a crunch moment

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