Summary
The Environment Secretary stated that the head of South East Water should not receive a bonus due to recent failures in water service, affecting thousands of customers. The company is under multiple investigations and has been criticized for poor communication and management. This comes amidst plans to overhaul the UK's water industry and replace the current regulator, Ofwat.
Key Facts
- The Environment Secretary said the boss of South East Water should not get a bonus.
- Recently, up to 30,000 properties in southern England had no water.
- South East Water faces several ongoing investigations.
- Last year, the boss received a £115,000 bonus, and it's expected to more than double this year.
- The water industry is facing an overhaul, with plans to replace the regulator Ofwat.
- Water bills are expected to rise sharply until 2030 to fund system upgrades.
- In past incidents, other water companies were prohibited from paying bonuses due to poor performance.
