Water bosses' pay rises despite bonus ban amid public fury over bills and pollution
Translated from English, summarized and contextualized by DistantNews.
At a glance
- Water company executives received pay increases over the past year, despite a government ban on bonuses.
- This occurred amidst public anger over rising bills, pollution, and the companies' performance.
- One CEO's compensation exceeded ยฃ1.9 million, including a significant 'retention payment'.
Executives at UK water companies saw their total pay rise in the past year, even as a government ban on bonuses was in effect. The Guardian's investigation reveals that eight companies are expected to remain under this ban for the 2025-26 financial year.
This situation unfolds against a backdrop of widespread public discontent. Customers are increasingly frustrated with escalating water bills, persistent pollution incidents, and the overall performance of the privatized water industry. The pay rises for executives are likely to intensify this public outcry.
Water company bossesโ total pay rose over the past year despite a government bonus ban and public outrage over pollution and bills, the Guardian can reveal.
One notable example is Mark Thurston, the chief executive of Anglian Water, who received a total compensation package of ยฃ1.9 million. This figure included a ยฃ500,000 'retention payment,' a type of bonus that appears to circumvent the government's ban. The revelation raises questions about the effectiveness of the bonus ban and the accountability of water company leadership.
One chief executive, Mark Thurston of Anglian Water, received ยฃ1.9m โ including a ยฃ500,000 โretention paymentโ, despite the bonus ban.
Originally published by The Guardian in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.