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The Latest Breaking News from Ofwat

Water company given largest penalty ever by Ofwat

IN FULL

The Independent UK

Thames Water hit with record £123m fine from watchdog

Ofwat issues largest ever penalty to water giant after two investigations into wastewater and dividend payments

The Independent UK

Thames Water hit with biggest ever fine of £122.7m over pollution and dividends

Regulator Ofwat said the utility giant ‘failed to protect the environment’ and issued the combined penalty as part of two separate investigations.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Thames Water hit by record £123 million fines over "betrayal of customers"

Huge penalties relate to “systemic” wastewater failures and breaches of rules over dividend payments

Evening Standard

Heathrow ‘responded well’ to power outage, review finds; Ofwat fines Thames Water £123m – as it happened

‘The evidence confirms that Heathrow made the right decisions in exceptionally difficult circumstances,’ Ruth Kelly finds

The Guardian - UK

Why has inflation jumped higher and what does it mean for households?

Official figures showed inflation hit 3.5% in April, up from 2.6% in March and the highest since January 2024.

Evening Standard

Thames Water’s arrogance over retention bonuses is breathtaking

Government and Ofwat unlikely to revive scheme handing out ‘very substantial’ payments for remaining on payroll

The Guardian - UK

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Thames Water chair could face questions after comments to MPs on bonuses

Exclusive: Sir Adrian Montague told select committee paying bonuses out of emergency £3bn loan was insisted upon by creditors

The Guardian - UK

Brecht’s answer to Beckett’s question

Letters: The Solution | Thames Water bonuses | Ofwat fines | Football shirts

The Guardian - UK

Thames Water bosses could have bonuses blocked next month

The Water (Special Measures) Bill gives regulator Ofwat the power to ban bonuses when performance falls short.

Evening Standard

Ministers to block Thames Water paying bosses bonuses out of emergency loan

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

The Guardian - UK

A torrent of special pleas from Thames Water

Company hopes to win big compromises from regulators to get its financial restructuring over the line

The Guardian - UK

MPs should not accept any murky answers from Thames Water chair on potential sale

Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings

The Guardian - UK

Average water bills likely to hit £2,000 a year by 2050, says Ofwat

Customers in line to pick up cost of vital investment and river cleanups, regulator tells inquiry

The Guardian - UK

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The Independent UK

Regulators have failed to deliver trusted and resilient water sector – watchdog

Consumer trust in the sector is at an all-time low, the National Audit Office found.

The Guardian - UK

UK spending watchdog censures water firms and regulators over sewage failings

NAO finds regulatory gaps have enabled overspending on infrastructure building while not improving sewage works

The Guardian - UK

Ofwat investigating ‘rip-off’ cost of water firms’ infrastructure works

Watchdog for England and Wales looking into claims refurbishment costs are ‘breathtakingly high’ compared with other countries

The Independent UK

Watchdog tells water firms to speed up building new reservoirs

Ofwat said water company bosses must find ways to ‘achieve earlier completion’ on major projects in the coming years.

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news in one place.

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Evening Standard

OPINION - Feargal Sharkey: Selling Thames Water to private equity sounds like a sick joke to me

It’s a story of betrayal, of backstabbing and greed, of Wall Street excess and of junk bonds, of corporate decimation and countless lives shattered by sackings, of asset stripping and exploitation and it epitomises the very worst of global corporate finance. It is also a story coming to a water…

The Independent UK

Experts share how you can still beat ‘awful April’ bill spikes

Bills have risen on all fronts this month – but there are things you can do

Evening Standard

What bills will rise this week?

From April, households will have to pay more for everything from energy to council tax

The Guardian - UK

Chief finance officer of under-fire Thames Water quits £1.3m-a-year role

Alastair Cochran’s successor to be appointed ‘in due course’ at critical time for cash-strapped company

Evening Standard

Households to see across-the-board ‘awful April’ bill increases

With the average household already spending £2,062 on essentials each month, the latest increases could add another £49.45 to this figure.

The Independent UK

Sewage spilled into England’s rivers and seas for 3.6 million hours last year

Labour has called the figure ‘disgraceful’

The Guardian - UK

Some water boss bonuses in England could be banned, says Ofwat

New powers mean regulator can ban payouts under criteria of Ofwat’s choosing

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