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Monday newspaper round-up: Thames Water, Brexit, Babylon - Vimarsana News

Monday newspaper round-up: Thames Water, Brexit, Babylon

Senior Whitehall officials fear Thames Water’s financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK’s Debt Management Office fear that, unless the UK’s biggest water company is renationalised as soon as possible, “prolonged uncer...

HMRC investigates health technology company linked to Tories - Vimarsana News

HMRC investigates health technology company linked to Tories

Babylon Healthcare, promoted by Matt Hancock, the former health secretary, and once valued at $4.2 billion, collapsed less than two years after floating in New York

Creditors count cost of Babylon's stock market rise and fall - Vimarsana News

Creditors count cost of Babylon's stock market rise and fall

Unsecured creditors of parts of a healthcare group behind a virtual GP service used by NHS patients are facing a deficit of about £300 million after it colla

Babylon virtual GP puts two divisions into administration - Vimarsana News

Babylon virtual GP puts two divisions into administration

Company behind NHS’s GP at Hand app had been seeking rescue funding or a buyer for its businesses

Digital healthcare company Babylon calls in administrators - Vimarsana News

Digital healthcare company Babylon calls in administrators

Babylon, which was founded in 2013 by British-Iranian entrepreneur Ali Parsa, employs more than 650 people in Britain, according to Linkedin.