Thames Water issues massive bonuses to bossesβ¦ despite the ban on water bossesβ bonuses
Anybody out there remember Ofwat issuing a ban on water bosses’ bonuses at the tail-end of 2025? Well apparently Thames Water doesn’t β it just increasedΒ its senior managers’ bonus payouts to an eye-watering Β£4.1m. As theΒ Canary reported only yesterday, 15 July, the prospect of public ownership is looming over the failed, sewage-spewing water company. The company is currently buried under Β£18.5 billion of debt, up from Β£16.8 billion a year ago, and is set to run out of money at the end of the year. What better time for the bosses to cut themselves a nice fat paycheck, eh? Job well…

