The UK’s new Labour government is pinning its hopes for growth on private investment in everything from green energy to housing, but there’s an unexpected stick in the spokes: Thames Water. Since the debt-ridden water company was declared “uninvestable” by its shareholders in March, foreign investors have been asking: If the monopoly provider of a bare necessity to nearly a quarter of the UK’s population doesn’t yield guaranteed returns, then what does?

On this episode of In the City, UK economy reporter Philip Aldrick and corporate finance reporter Abhinav Ramnarayan discuss with host Francine Lacqua how the collapse of what should be a safe investment has spooked foreign investors, and how the new Labour government can woo them back.

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Ralph Schlosstein, chairman emeritus of Evercore, joins to discuss what Harris and Trump administrations would mean for boardrooms.

Plus, crypto reporter Emily Nicolle joins to discuss why former President Donald Trump seems to have had a change of heart on the digital currency he once denounced as a “scam.”

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Editor Katherine Griffiths and reporter Ben Stupples join to discuss the growing number of the UK's ultra-wealthy people considering an exit, what's driving them away and why the government should care.

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