Hosepipe ban comes into force today yet a number of water Companies affected paid huge bonuses to Executives and £Half a Billion to shareholders.
All this despite not meeting the leakage targets put in place by Government. Lets not forget water is a monopoly industry, you or I do not get to choose our supplier.
http://www.dailymail.co.uk/news/article-2125261/As-hosepipe-ban-begins-water-bosses-pocketed-huge-bonuses.html Quote:
Four million pounds in bonuses have been paid to the directors of water firms – despite their failure to repair leaks which allow 300million gallons to be lost every day.
All but one of the companies, which today brought in hosepipe bans for 20million customers, handed rewards to their board members in the last financial year.
These include £2million for three executives at Britain's largest water supplier Thames Water, whose highest paid director, understood to be chief executive Martin Baggs, took home £1.67million in 2010/11.
No doubt the people at Ofwat the organisation charged to check this are on a good screw at the taxpayers expense and also think they are 'worth it'. No wonder this Country is going to the dogs.
Of course the part of problem they don't want you to know about is this...
http://www.bbc.co.uk/news/magazine-17600062Quote:
With hosepipe bans imminent, there is growing concern over drought in parts of the UK. But with population rising, how can a water crisis be averted?
After two unusually dry winters - which have left reservoirs, aquifers and rivers below normal levels - seven water companies across southern and eastern England are about to impose water restrictions.
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and its your grand children who will say gee thanks nan and grandad 