Ofwat should have to approve water firms’ bonuses and dividends, say MPs

<p>Report says billpayer funds are being used irresponsibly, after news that Thames Water paid bonuses from £3bn loan</p><p>Bonuses and dividends for water company bosses and shareholders should be approved by the regulator before they are paid, as billpayer funds are being used irresponsibly, MPs have said.</p><p>They also recommended that the government consider ending the profit-driven water company model and making English companies non-profit, similar to how the system works in Wales, in the report by the Environment, Food and Rural Affairs (Efra) select committee.</p> <a href="https://www.theguardian.com/environment/2025/jun/16/ofwat-should-have-to-approve-water-firms-bonuses-and-dividends-say-mps">Continue reading...</a>