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The Guardian - UK

Business

Anna Isaac

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Thames EA SPORTS Thames Water Ofwat Chris Weston Environment Pollution

Thames Water, the UK’s largest such firm, is fighting for its survival after years of poor performance, fines and hefty dividend payouts — Thames Water, the UK’s largest such firm, is fighting for its survival after years of poor performance, fines and hefty dividend payouts Photograph: Gill Allen/REX/Shutterstock

Thames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards other costs including bonuses and dividends, the Guardian can reveal.

The company, which serves more than 16 million customers, cut the funds after senior managers assessed the potential risks of such a move.

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