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Thames Water Scraps Controversial Bonuses Amid Outrage

5/20/2025

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Summary

Story summary

Thames Water's chairman, Sir Adrian Montague, faced backlash after falsely claiming creditors demanded hefty bonuses tied to a £3 billion emergency loan. In response to public outrage, the company scrapped the bonus plan. Environment Secretary Steve Reed condemned the idea of rewarding failure, highlighting the severe financial turmoil and regulatory pressures facing Thames Water.

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Story summary

Thames Water's chairman, Sir Adrian Montague, faced backlash after falsely claiming creditors demanded hefty bonuses tied to a £3 billion emergency loan. In response to public outrage, the company scrapped the bonus plan. Environment Secretary Steve Reed condemned the idea of rewarding failure, highlighting the severe financial turmoil and regulatory pressures facing Thames Water.