Bosses at six water firms had £4m in bonuses blocked under new rules, Ofwat says

The GuardianWednesday, November 5, 2025 at 10:06:22 AM
Bosses at six water firms had £4m in bonuses blocked under new rules, Ofwat says

Bosses at six water firms had £4m in bonuses blocked under new rules, Ofwat says

In a significant move towards accountability, Ofwat has blocked £4 million in bonuses for bosses at six water companies, enforcing new regulations aimed at transparency in the industry. This decision follows a Guardian investigation that raised concerns about excessive pay in the sector. By potentially requiring companies to disclose payments from parent firms, Ofwat is taking steps to ensure that water companies prioritize service over profit, which is crucial for consumers who rely on these essential services.
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