In 2 Yrs, UK Water Execs Got Millions In Bonuses As Water Systems Leaked 2.4 Billion Liters/Day
Water company bosses should be banned from giving themselves bonuses until they fix their leaky pipes, the Liberal Democrats have demanded. New figures uncovered by the party found that England’s water and sewage company bosses have awarded themselves about £27m in bonuses over the past two years.
Analysis of Companies House records by the party found that executives at England’s water and sewage companies were paid £48m in 2020 and 2021, including £27.6m in bonuses, benefits and incentives. This is despite reports that they allow 2.4bn litres of water to be leaked in England every day.
A nationwide drought is likely to be announced this week in England after record dry conditions, with some places having their lowest rainfall on record.
Hosepipe bans have so far been imposed on millions of people, with government ministers asking water companies to put more in place.
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https://www.theguardian.com/environment/2022/aug/08/ban-bonuses-for-water-firm-bosses-until-they-fix-leaky-pipes-say-lib-dems