Charlie Alford

Thames Water issues massive bonuses to bosses… despite the ban on water bosses’ bonuses

Post author:Grace
Post published:16 July 2026
Post last modified:17 July 2026

Anybody out there remember Ofwat issuing a ban on water bosses’ bonuses at the tail-end of 2025? Well apparently Thames Water doesn’t — it just increased its senior managers’ bonus payouts to an eye-watering £4.1m. As the 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 £18.5 billion of debt, up from £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…

Bosses at beleaguered Royal Mail’s parent company see doubled pay and bonuses

Post author:Grace
Post published:23 June 2026
Post last modified:23 June 2026

In spite of profits for the Royal Mail’s parent company dropping by 20%, chief executive Martin Seidenberg has more than tripled his ‘earnings’ for the year. The International Distribution Services (IDS) boss took home £2.1m in the year to 31 March 2025, which shot up to £7m this year. Likewise, his fellow directors raked in a combined £9.8m this year, up from £4.2m the previous year. Meanwhile, the Royal Mail’s operating profits dropped from £198m to £96m in the same period. IDS blamed the rise in the minimum wage and national insurance contributions. Back in March, Parliament summoned Royal Mail bosses…