Water Companies: Still don't get it
EMBARGO: Immediate Release
Following the interview with Water UK on the Today Programme this morning, the Liberal Democrats are calling for a ban on water company CEOs being paid multi-million pound bonuses.
Analysis of Company House records by the Liberal Democrats has revealed since 2020 alone, water company executives have paid themselves £30.6 million in bonuses, benefits and incentives.
Liberal Democrat Environment spokesperson Tim Farron MP said:
"These comments show the water companies still just don't get it.
"Every water company CEO should give up their bonuses until these filthy sewage dumps are brought to an end.
"It is a kick in the teeth that customers are being asked to pay more in bills to clean up the water companies' own mess, all while CEOs pocket massive bonuses.
"Therese Coffey needs to make sure this happens instead of sitting on the sidelines while our rivers and beaches are ruined by sewage."
ENDS