Labour's Plan: Regulator Given Powers to Stop Big Bonuses

Labour has revealed plans to ban big bonuses for water bosses who fail to clean up their filth. The party intends to give regulator Ofwat the authority to withhold cash incentives if water companies continue to pump high levels of raw sewage into rivers and lakes.

Pollution Levels Would Have Blocked Six Out of Nine Water Chiefs' Bonuses

Labour's proposals would have blocked six out of nine water chiefs' bonuses last year due to pollution levels. According to Labour research, these bosses paid themselves a staggering £24.8 million in 2021/22, which included £14.7 million in bonus payments, benefits, and incentives.

Shadow Environment Secretary Slams "Broken" Regulatory Rules

Shadow Environment Secretary Steve Reed has criticized the "broken" regulatory framework in the water industry after 13 years of a Tory government. Reed emphasizes the dire state of rivers, lakes, and seas, with toxic sewage contaminating the waters. He also points out the irony of consumers being expected to bear the cost burden during a cost-of-living crisis while CEOs pocket millions in bonuses.