Bills have soared and billions of gallons have been lost in leaks yet nine fatcats running England’s privatised water firms have had windfalls. In 2018 they had £11million in pay, bonuses, pensions and benefits. In that time bills have risen by 40% above inflation, says the National Audit Office. GMB researchers estimate that through a combination of salary, bonuses, pensions and other benefits private water company fatcats made an average of £1.2million in 2018. That is six times higher than the pay and pension of outgoing Prime Minister Theresa May who is paid £150,000, plus a £40,000 pension contribution.

Source: Daily Mirror June 09, 2019 21:08 UTC