The Times has announced the news that failing Thames Water set a deadline of one month to make an agreement with Ofwat. Delaying tactics from Thames WaterThe water company is already dying on its feet, having taken £1.5bn in emergency loans. Thames Water now teeters on a knife-edge between temporary nationalisation and a takeover by its creditors, in the guise of London Valley & Water (LVW). Thames Water – and LVW, for that matter – has claimed that its current five-year funding settlement to Ofwat is unworkable. LVW have already pledged to do even less to fix the mains and pollution than Thames Water.