Nine water firms banned from using customer bills to fund bonuses
Nine water companies have been banned from using customer money to fund "undeserved" bonuses for bosses, the regulator announced on Thursday.
21 Nov 11:01 · ShareCast
Water companies blocked from using customers' cash to pay for £6.8m in bonuses
Nine water firms including Severn Trent have been stopped from using cash from householders' bills to fund huge handouts for top bosses
21 Nov 10:43 · Birmingham Live
Nine water firms halted from using customer cash to pay for £6.8m of bonuses
Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73% of the overall total, across the water sector.
21 Nov 10:14 · LBC
Water companies blocked from using customer cash for 'undeserved' bonuses
Ofwat says it has stepped in to use its new powers to halt water firms that cannot show bonuses are sufficiently linked to performance from using customer money to fund the payouts.
21 Nov 06:25 · Sky News
Three water firms blocked from using customer money for bonuses
The regulator Ofwat's new powers prevent bonuses being funded from customer bills.
20 Nov 18:00 · BBC News
last updated on 21 Nov 13:18