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The Guardian - UK
The Guardian - UK
Business
Helena Horton and Jasper Jolly

Thames Water refuses to claw back bonuses paid using £3bn emergency loan

A sign displays the Thames Water logo as water pipes are replaced in London
Ministers had hoped to use new legislation to block bonuses paid from the loan that was meant to be used to keep Thames Water afloat. Photograph: Neil Hall/EPA

Thames Water paid almost £2.5m to senior managers from an emergency loan that was meant to be used to keep the failing utilities company afloat – and has refused to claw back the payments, newly released documents reveal.

The struggling water supplier paid bonuses totalling £2.46m to 21 managers on 30 April.

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