Tag: Thames Water

The UK's water sector is at a crossroads as debt and regulatory pressures threaten companies like Thames Water. Special administration looms, sparking debates over private restructuring, government intervention, and investor confidence. Jon Cunliffe leads a review seeking structural reforms to prevent further crises.

Thames Water has abandoned plans to give £1m bonuses to senior bosses after sharp criticism from government officials who said the payouts wouldn’t be justified. The rewards, tied to a £3bn emergency loan, drew public anger for benefiting executives during ongoing financial and environmental struggles. The company is now awaiting further advice from the industry regulator.