Thames Water increases bonus payments to £4m despite uncertainty over future.
Thames Water increased its bonus payouts to £4.1m for senior managers, despite warning over “material uncertainty” over its future as it scrambles to recapitalise to avoid nationalisation.
The water company also gave a pay rise to its chief executive, Chris Weston, and drew the ire of Emma Reynolds, the environment secretary, for paying him a previously deferred bonus of £99,000 – despite a ban on bonuses because of pollution failures.
Total bonuses to “key management personnel” rose from £2.8m in the year to March 2025 to £4.1m. The bonuses went to members of the board and executive team other than the chief executive and finance boss, who are covered by the ban.
