Thames Water should have their £2.3 million exec bonus banned for failing to fix leaks

22 Aug 2022

Waltham Forest Liberal Democrats are calling on the Government to ban bonuses for Thames Water after revealing they paid their company executives eye-watering bonuses, despite failing to fix leaking pipes ahead of this summer's drought.

The Liberal Democrats have blamed Thames Water for people in Waltham Forest now facing weeks of hosepipe bans.

Water company bosses from Thames Water were awarded £2,368,000 in bonuses despite companies leaking billions of litres of water every day. Some water companies such as Thames Water lose up to a quarter of all their water from leaks alone.

Liberal Democrats have said the money should be going into fixing their leaking pipes instead.

Water companies have only promised to halve leaks by 2050 despite predictions of a rise in summer droughts as record temperatures continue to be broken.

England’s water company bosses have awarded themselves almost £27 million in bonuses over the past two years, despite reports they allow a staggering 2.4 billion litres of water to be leaked every day.

Commenting, Waltham Forest Liberal Democrat Spokesperson for the Environment, Josh Hadley, said:

“It is outrageous that whilst thousands of people in Waltham Forest suffer from hosepipe bans, water company bosses reward themselves with these bonuses despite not even bothering to fix leaks.

“The worst part is, Ministers are just letting water firms get away with scandal after scandal and residents in our area are sick of it. These are the very same water companies which pollute our local rivers with disgusting sewage, harming animals and people swimming in them.

“It is time someone stood up to these companies and demanded action. That should start with fixing these leaks, and then once and for all ending the sewage pumping into waterways.”


Sign up for email updates...

You can opt-out at any time
The Liberal Democrats may use the information you provide, including your political opinions, to further our objectives and share it with our elected representatives. Any data we gather will be used in accordance with our privacy policy: libdems.org.uk/privacy. You can exercise your rights and withdraw your consent to future communications by contacting us: data.protection@libdems.org.uk or: DPO, Lib Dems, 1 Vincent Square, SW1P 2PN.

This website uses cookies

Like most websites, this site uses cookies. Some are required to make it work, while others are used for statistical or marketing purposes. If you choose not to allow cookies some features may not be available, such as content from other websites. Please read our Cookie Policy for more information.

Essential cookies enable basic functions and are necessary for the website to function properly.
Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
Marketing cookies are used by third parties or publishers to display personalized advertisements. They do this by tracking visitors across websites.