Chris Weston, CEO of Thames Water - which provides water for 16 million customers across London and the Thames Valley region - has defended his £195,000 bonus despite the firm's mounting debt.
Thames Water has warned that it will run out of money by the end of next May and could go bankrupt.
Britain’s biggest water firm, which is under a debt pile of more than £15 billion, said on Tuesday that it had £1.8 billion of cash reserves at the end of June, a fall from £2.4 billion three months previously.
Chris Weston, CEO of Thames Water - which provides water for 16 million customers across London and the Thames Valley region - has defended his £195,000 bonus despite the firm's mounting debt.
Thames Water has warned that it will run out of money by the end of next May and could go bankrupt.
Britain’s biggest water firm, which is under a debt pile of more than £15 billion, said on Tuesday that it had £1.8 billion of cash reserves at the end of June, a fall from £2.4 billion three months previously.