Water Executives' Bonuses Surge Amid Record Sewage Discharges
Bonuses for water company executives in England and Wales increased to £9.1 million, despite unprecedented sewage spills and financial instability.
- Bonuses for executives at water companies rose by over £120,000 to reach £9.1 million in the 2023/2024 financial year.
- The increase in bonuses comes as sewage discharges into British waterways doubled to 3.6 million hours last year.
- Thames Water, facing potential nationalisation due to financial struggles, nearly doubled its executive bonuses to £1.3 million.
- Severn Trent paid the largest bonuses, totaling £3.36 million, despite being fined for pollution.
- The Liberal Democrats are advocating for a parliamentary vote to ban bonuses while sewage issues persist.