Business · 10 August 2026
Thames Water paid finance boss a £1m signing-on fee in July
Thames Water's £1m payment came as the company, which owes about £20bn, struggles with debt and faces potential temporary nationalisation. Thames Water chairman Sir Adrian Montague said such payments were needed to keep staff from leaving the struggling firm. The money for the fee came from emergency funding provided by the company's lenders.
Reported by BBC · How we write briefs