Thames water collision course with government on bonuses

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Thames have the right to pay an unseen payment course on a collision course on a collision course on a collision course on a collision course with a collision course with a collision course with the ambulance cadet.

Government spokesman, these ministers, these ministers attempted to continue the “Uzun” payments on Thursday, they said they would intervene as it could solve the new legislation to prevent controversial bonuses.

“This is an attempt to play the people for the stupidity and covering corporate greed. This government will not be empty, if Thames tried to loot the boss for personal gain,” he said.

“The income period of failure is over. We will take any action necessary to stop these ugly payments.”

The ministers said they were waiting for the water regulator To block the juice Premiums to the owners of the award to provide the most 9.75 percent interest rate and fees to provide a premium to ensure the rights of £ 3bn.

But Juice Explained the Financial Times because if the payments were “retention payments”, they will not be covered with their new powers. Rewards – Up to half of his annual salary – come to the department’s salaries and other bonuses.

According to the company, the retention bonuses do not fall below the water, because they are not in performance.

“A spokesman for the results of our best,” Utility “told Friday.

Thames Water Defiant position wanted anger in Whitehall, a formally said that the company is “ridiculous” to claim that the company’s “retention payments” is not a salary form associated with performance.

Thames juice, the largest water company in England has become a lightning bar for public anger because the government has tried to stop the renajitation under the special management regime.

The company serving a quarter of the country’s population is combating the weight of £ 20 billion debt, and a private capital company is in special discussions to seize the KKR’s work.

The utility was dangerously approaching to run out of money Before providing a loan of 3bn – Protested in court by opponent bonds – including Elliott management and silver point from US hedging funds.

The juice refused to tell the water who will pay or how valuable.

Last year, those who do three months old, Chris Weston, who fired for a three-month business for a three-month study of water recipients, is not one of those who receive a grip.

The company has already threatened Lift the basic salaries of administrators If government progressed with plans to limit bonuses. During the scale of the eclipse payments, Sir Adrian Montague was announced by the Montague communal chair hearing Tuesday.

Ofwat, from next month, water companies will receive new powers to ban “neglect bonuses”, where the environmental and financial management standards are not fulfilled. This long-awaited forces are retrospective for the financial year of 2024-25.

One consultation The new bonus rules still continue, but the ministers will be in June.

Previously, Ofwat did not have an open power to prohibit or curb the executive bonuses, and this will help you to perform their duties only to ensure that these companies are financially strong.

However, the recently passed water (special measures) aims to eliminate the powers to eliminate the “environment” or “environment” or “environment” or “environment” or “environment” or “environment” or “environment” or “financial sustainability”.

Ofwat said: “We use Thames water from Thames water in front of this week in the comments to provide detention bonuses in this week.”