Thames Water halts bosses' bonus scheme

Thames Water halts bosses' bonus scheme following pressure from Downing Street and regulators. The company's controversial "retention scheme" to pay senior executives huge bonuses has been paused amidst criticism for rewarding failure. Downing Street and government officials have condemned the move, emphasizing the need for water companies to prioritize customer service and financial stability. The decision comes amid ongoing scrutiny of Thames Water's performance and financial woes, as the company works to address its significant debt and regulatory concerns.