06/06/2025
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ'๐ฌ ๐ง๐๐ฐ ๐ฅ๐๐ฐ ๐ฌ๐๐๐ฌ ๐ฎ๐ง๐๐๐ข๐ซ ๐๐จ๐ง๐ฎ๐ฌ๐๐ฌ ๐๐๐ง๐ง๐๐ ๐๐จ๐ซ ๐ฌ๐ข๐ฑ ๐ฐ๐๐ญ๐๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ข๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐๐๐๐ญ ๐ข๐ง๐. ๐๐จ๐ฎ๐ญ๐ก๐๐ซ๐ง ๐๐๐ญ๐๐ซ
Unfair bonuses now banned for water companies that donโt meet high standards.
Water bosses awarded themselves over ยฃ112 million in bonuses and incentive payments in the last decade.
Strengthened enforcement is just one part of the Governmentโs strategy to reform the water sector and attract investment as part of its Plan for Change.
Unfair bonuses have been banned for senior executives at six water companies, as new measures in the Water (Special Measures) Act come into force today (Friday, 6th June).
The government is clear that transformative change across the water sector is needed to clean up our rivers, lakes and seas, and modernise the sector for decades to come.
Under new rules, companies are not permitted to pay bonuses to water bosses that oversee poor environmental and customer outcomes. This delivers on a key manifesto commitment and has been backdated to apply to any bonuses relating to the financial year from April last year.
This applies to Southern Water, where bosses are not permitted to receive bonuses with immediate effect.
https://www.gov.uk/government/news/governments-new-law-sees-unfair-bonuses-banned-for-six-water-companies-with-immediate-effect