Fat cat water bosses were last night accused of fleecing households with eye-watering bill hikes to subsidise the broken industry – as they enjoyed bumper bonuses for failure. Mark this day, for it is the day you became angry.’ Singer turned water campaigner Feargal Sharkey said that Ofwat is making people pay 'for decades of criminal activity' Aerial view of …
Thames Water has been handed an £18.2million fine after regulator Ofwat used powers to crack down on firms paying 'unjustified' dividends for the first time. The regulator said Thames Water made interim dividend payouts totalling £37.5million to its holding company, Thames Water Utilities Holdings Limited, in October last year and further payouts of about £158.3million in March 2024. The ruling …
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