Bills Up, Bonuses Up

The Liberal Democrats have called for the board of Thames Water to be sacked and the company put into special administration.

Thames Water, which has recently hiked bills by as much as 35%, is on the verge of collapse.

Over the last four years, £62 million has been paid out to company executives in bonuses. This is at a time when the company is drowning in a whopping £19 billion of debt.

Local Liberal Democrat campaigner Afzal Choudhry said, “Over 25% of customer water bills are spent on paying interest on the company’s debt. That is our money, paying for their mistakes.”