Steve Reed

Steve Reed

Labour (Co-op) — Streatham and Croydon North

Speaking in the House of Commons on 4 September 2025

Debate

Water Company Executives: Accountability

Contribution

As my hon. Friend rightly says, that payment has outraged customers, and I have asked Ofwat to assess its legality as a matter of urgency. I will not tolerate any company attempting to circumvent this Government’s ban on unfair bonuses through exorbitant salary increases, secret bonuses, payments through parent companies, or any other deception. If Ofwat finds that the rules have been broken, companies will face sanctions, including fines imposed at a level that will deter future abuses.

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