What about the Brixham crypto outbreak and all the sickness already reported this year in Budleigh?

Is it because of its “outstanding business plan”?

Or is it to ensure the retention of existing management talent and avoid any radical reset? – Owl

Caroline Voaden, Lib Dem MP for South Devon, said it was baffling why South West Water bosses had not had their bonuses banned. “It’s hard to think of a company more deserving to have its boss’s bonuses banned than South West Water,” she said. “Not only did the company preside over the cryptosporidium outbreak in the relevant financial year, but in June, just weeks after the outbreak, South West Water’s CEO saw her salary increased by £300,000, proving their absolute contempt for affected customers.” Source Guardian

Six firms under bonus ban

Under the beefed-up Water Act, six firms are banned from paying bonuses this year including Anglian Water, Southern Water, Thames Water, United Utilities, Wessex Water and Yorkshire Water.

The ban, which is backdated to April 2024, means regulator Ofwat can force firms to claw back bonuses that have been paid or face enforcement action. It applies to share awards as well as cash.

It is part of new measures in the Water Act which comes into force on Friday.

Environment Secretary Steve Reed said that water company bosses “should only get bonuses if they’ve performed well, certainly not if they’ve failed to tackle water pollution”.

Officials said the government would look into companies trying to get around the ban by raising executives’ base salaries.

But Liberal Democrat Environment spokesperson Tim Farron called the government’s announcement “half-baked”.

He added that it “doesn’t touch the sides in enacting fundamental reform – especially if water companies can still workaround bonuses and wriggle off the hook”. Source BBC