Finance
Thames Water grants bonuses despite UK opposition, government documents show
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Thames Water awarded £2.5M in bonuses to senior staff despite UK government opposition, sparking controversy and scrutiny.
(Reuters) -Britain's Thames Water awarded bonuses worth 2.5 million pounds ($3.40 million) to its senior staff, despite efforts by the UK government to block the payments, according to documents shared by the UK Parliament's environment committee.
In a letter to the committee, Thames Water chairman Sir Adrian Montague said no discussions have been held with the government or water regulator Ofwat to recover the payments.
The news was first reported by The Financial Times on Wednesday.
($1 = 0.7364 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Shreya Biswas)
Thames Water awarded bonuses worth 2.5 million pounds ($3.40 million) to its senior staff.
The UK government attempted to block the payments, indicating opposition to the bonuses awarded by Thames Water.
According to the chairman, Sir Adrian Montague, no discussions have been held with the government or water regulator Ofwat regarding recovering the payments.
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