The Environment Secretary, Steve Reed, has banned six water companies from awarding bonuses to senior management amid public outrage over water pollution. Companies such as Wessex Water and Thames Water will not have bonuses during the 2024/25 financial year. Reed warned that it would be 'extremely foolish' for these firms to raise salaries instead, emphasizing the need to rebuild trust with angry customers facing unsatisfactory service. While he does not support capping salaries in the private sector, he insists companies must remain aware of public sentiment and act appropriately within regulatory frameworks.
"I think they would be extremely foolish to do anything of the sort that you're describing, because (...) these companies need to rebuild their broken relationship with their customers."
"Their customers need to have confidence in what they're doing, their customers are furious at the fact that they're seeing local waterways being polluted, but bosses taking multimillion-pound bonuses."
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