Thames Water executive bonuses nearly doubled even though the firm is teetering on the edge of bankruptcy
The Liberal Democrats are set to call for a ban on water company executive bonuses Bonuses paid to executives of water companies across England and Wales increased to £9.1m in 2023/24, rising by over £120,000 from 2022/23, even though sewage was dumped into waterways for a staggeringexecutive bonuses nearly doubled, rising from £746,000 in 2022/2023 to £1.
“It is a national scandal that these bonuses are being paid out by firms who disgustingly pollute rivers, lakes and beaches,” said Tim Farron, the Liberal Democrat’s environment spokesperson.“These bonuses are an insult to the British public and must be banned straight away. The Liberal Democrats will push for a vote in Parliament to ban these bonuses whilst sewage continues to flow.
“Even if they weren’t getting worse, they should not be polluting our rivers and seas. As long as they continue to do that, I do not know how they could argue that they deserve performance-related bonuses.“From a completely apolitical viewpoint, I think bonuses should be banned.”that it lacks the powers to fully ban bonuses for water company executives under current legislation.
Water companies are allowed to discharge sewage during periods of exceptional rainfall to prevent their systems from being overwhelmed, but concerns have been raised over how often this has been happening., has boycotted her bill payments to Wessex Water since April 2023 in protest of the firm’s poor wastewater services.
Caz Dennett has been boycotting the wastewater component of her water bill since April 2023 “Water bosses are cashing in ahead of the government’s promised crack down on executive pay. There are too many loopholes in how bonuses are currently set.
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