Thames Water bosses’ bonuses soar amid leaks failings and hosepipe ban

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hames Water bosses have seen their salaries soar regardless of coming beneath fireplace for failing to repair leaky pipes whereas saying a hosepipe ban for London.

Whole pay and bonuses for firm executives totalled £3.2million in 2021/22, up from £2.8 million the earlier yr, based on new figures.

Throughout the nation, salaries for prime water firm bosses rose by 20 per cent, regardless of many companies failing to satisfy air pollution and sewage launch targets.

Thames Water will implement a hosepipe ban on August 24 for London and Thames Valley after the record-breaking heatwave.

Liberal Democrat Treasury spokesman and Richmond MP Sarah Olney MP mentioned: “Hosepipe bans might have been averted this summer time if these Thames Water execs bothered to put money into their creaking infrastructure somewhat than stuffing earnings of their pockets.

“They’re placing revenue over the surroundings. Frankly, the entire thing stinks.”

Thames Water loses virtually 1 / 4 of its water via leaks.

It mentioned it’s “making progress” on leaks and has “met our goal for the final three years to scale back leaks by 10 per cent”.

A Thames Water spokesman added: “Our government reward packages are benchmarked with these at different similar-sized organisations. We should pay aggressive packages to draw and retain the most effective folks.

“Bonuses are depending on reaching specified efficiency enhancements in key areas together with leakage, pollutions and customer support. 

“The corporate’s Remuneration Committee seeks to make sure that there’s a clear and demonstrable hyperlink between government remuneration and the supply of our enterprise function – to ship life’s important service, in order that our clients, communities and the surroundings can thrive.”


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