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National World - LocalTV
  • 10/12/2024
The boss of Thames Water has defended executive bonuses as the firm calls for a hike in customer bills to ensure its survival.
Transcript
00:00The boss of Thames Water has defended executive bonuses as the firm calls for a hike in customer
00:06bills to ensure its survival. Chris Weston said the supplier needed to offer competitive
00:12packages to attract talent but the water regulator has previously said that customers must not
00:18foot the bill for underserved bonuses. It comes as the embattled company saw a 40% increase
00:26in pollution incidents in the six months to the 30th of September 2024 as its debts continue
00:33to swell, according to its latest set of results. Thames approaches a critical moment next week
00:40with Ofwat set to decide whether to allow a proposed 59% increase in consumer bills
00:47over the next five years. The ailing business is saddled with debt which stood at just under
00:53£16 billion at the end of September. For more on this, head to Londonworld.com

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