Maynard

As John Maynard Keynes said of the challenges of overpopulation, the “chaining up of the one devil may, if we are careless, only serve to lose another still fiercer and more intractable.”

But a small group of lenders had argued against the terms of the deal, while Liberal Democrat MP Charlie Maynard had argued that extra lending was not in the public interest.

The BBC understands that Mr Maynard is still considering whether to appeal against this latest ruling to the Supreme Court.

But others, including Mr Maynard, argued the plan mainly served the interests of its current lenders who stood to lose more of their money in an administration than they would if they could keep Thames Water running.

While Charlie Maynard has presented a figure of £66m.