Thames Water slammed as execs rake in £2.415 million in pay & perks this year

We are shocked at no mention of sewage crisis in King’s Speech.  This is a major environmental problem for the whole country, and it is something that the government absolutely must act on now.

Across the country, base pay and pension payouts for water company executives in England & Wales water industries rise to new high of £10 million, despite the regular news that these companies are discharging vast quantities of raw sewage into our waterways.

Local Liberal Democrat candidates Ian Rex-Hawkes and Blaise Baquiche have slammed “eye-watering payouts” as the party reveals Thames Water paid their executives £2.415 million in pay and perks last year. 

New analysis of Company House records has revealed the country’s water industry paid out a staggering £10 million in executive salaries last year, the highest on record. 

Thames Water has rewarded their three executives with a staggering base pay of £1.525 million, plus bonuses and pensions of a further £890,000. This is despite the firm pumping raw sewage into the local area, including a well publicised leak that turned riuvers near Gatwick black.

Since 2020, executives at the water firm have paid themselves £8.533 million in pay and perks. 

The local Liberal Democrats have called for a ban on all CEO bonuses within the water industry, as well as the firms to be reformed as public companies. The reforms would put an end to profit before the environment and ensure their boards including environmental experts. 

Liberal Democrat candidate for Ruislip, Northwood & Pinner, Ian Rex-Hawkes, said: 

“Our waterways are being pumped full of raw disgusting sewage, all whilst the water firm hand themselves insulting pay-outs. The whole thing stinks. These salaries and perks have reached eye-watering levels, yet Conservative Ministers refuse to act. 

“I was shocked that there was literally no mention of sewage in the King’s Speech.

“It is time to rip up Thames Water so it no longer puts profit before the environment. The firm is clearly not working how it should and is not listening to local concerns on sewage discharges. 

“This country’s water industry has become a gravy train where sewage and money flows freely. This is a scandal and happening on this government’s watch. 

“When will Conservative Ministers finally get tough on these polluting and profiteering firms? 

“These bonuses and perks need to be banned as long as the sewage scandal continues. Bonuses should be a reward for success, not committing environmental crimes.”