Thames Water paid out bonuses using £3bn emergency loan, documents reveal
https://www.theguardian.com/business/2025/jul/09/thames-water-paid-out-millions-in-bonuses-using-3bn-emergency-loan-documents-reveal
Posted by F0urLeafCl0ver
Thames Water paid out bonuses using £3bn emergency loan, documents reveal
https://www.theguardian.com/business/2025/jul/09/thames-water-paid-out-millions-in-bonuses-using-3bn-emergency-loan-documents-reveal
Posted by F0urLeafCl0ver
27 Comments
Everyone knew they would and they did. At least they are consistent at being shit heads.
They’re already in debt to the government with *billions*.
Just renationalise them and arrest the managers for corruption.
If you have to take an emergency loan of £3 billion, how the f the executives deserve a bonus and not a bloody pay cut? What the hell is going on?
Could the loan not have had conditions, ‘ie will only be used to improve infrastructure’, or something like that?
Insane, imagine being in that much debt and thinking ur doing well, or pretending to, and giving urself a bonus
They’re taking the piss now. This is absolutely ridiculous.
But of course, they can’t keep the “excellent” staff who got them in this mess without doing so.
Blood sucking scum, the lot of them.
Nationalise, wipe out the shareholders and the bondholders. It speaks volumes about the state of the UK government that this has dragged on for years.
The Most Evil Utility Company is a hard fought for title but surely it is Thames Water.
“Bonuses more than double their salaries”
Incompetent liars and thieves are rewarded in this country.
Don’t worry, though. The public will pay for it.
Oooh that’s nice, they are deserving … of jail time.
Corruption this. Just plain wrong.
Who are the people specifically? We need to Name them.
>Montague said the board did not intend to recover the money, and suggested the two further tranches of bonuses could still be paid.
Not even trying to hide the grift.
Whoever received those bonuses should be forced to pay them back to the taxpayer, and if they refuse, the government should seize their assets.
Bigger pieces of shit than what they’re putting in our waterways
[removed]
Tbh, there should be directors liability for this fiasco.
Penalise to at least double the payments. Ofwat or whoever is in charge of the oversight here needs complete overhaul.
And yet people are flocking to vote for the “right of Thatcher” Reform Party – and don’t join the dots.
On the bright side, now they got their bonuses they won’t leave, get hired at another water company and fuck it up (even more) than it already is else where in the country.
Legalised corruption – why are we putting up with this?
Our water is dirty, no new reservoirs in 30 years, leaky pipes, and they are billions in debt.
They are laughing at us.
Water companies are in market failure. This can’t persist and those bonuses should look to be recouped
How can it be that a company that is hanging by a thread, award bonuses to reward ineptitude and greed?
Just milking it dry at this point. They know the inevitable is coming and just taking as much as they can before it’s all gone.
How is such a blatantly and cartoonishly corrupt service provider still allowed to operate? I just don’t get it. Purchase it for a pound, lock up the board and go after the shareholders. Gvt is so quick to apply maximum power and pressure when the rest of us get it wrong, why not these twats?
Edit to add: at what point do we need to start looking at OFWAT for its *obvious* complacency and possible corruption here?
Right to call for renationalising- but then the government also picks up all their shit too.
But this is plain corruption and nuts it wasn’t factored into the loans T&Cs
The CEO just got a summons, we may finally see Thames Water get in trouble… hopefully.
And that money will never be recovered. They’ve stolen from the public and it’s just like ‘eh.’