https://morningstaronline.co.uk/article/water-firms-banned-handing-bonuses-bosses

SIX water companies have been banned from paying bonuses to senior bosses under new rules that came into force today.

Thames Water, Yorkshire Water, Anglian Water, Wessex Water, United Utilities and Southern Water were all included in the ban, which covers the 2024-25 financial year.

Environment Secretary Steve Reed warned companies would be “extremely foolish” to try getting around the new ban by increasing salaries.

He warned water companies should avoid moves that would lose the “confidence” of customers and said there was a need to “rebuild their broken relationship.”

“Customers are furious at the fact that they’re seeing local waterways being polluted, but bosses taking multimillion-pound bonuses,” he told Times Radio.

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