England's biggest water company wants to increase bills for its 16 million customers by an eye-watering 59 per cent over the next five years.
Thames Water's chief executive has defended bosses sharing £770,000 in bonuses despite the firm battling a huge debt mountain and pumping out even more sewage.
Thames Water also admitted it had overseen a 40 per cent rise in sewage pollution to 359 incidents in the first half of 2024. It faces a crunch decision from Ofwat next week, as the regulator decides whether to allow the proposed increase in customers bills. Thames Water bosses have argued they need the extra money to make the firm 'investible' enough to attract funding, and to pay for improvements to its network of pipes and sewers.'If we don't offer competitive packages, people will not come and work at Thames.'
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