Severn Trent Water slammed as execs rake in nearly £5 million in pay & perks

Local Liberal Democrats have slammed “eye-watering payouts” as the party reveals Severn Trent Water paid their executives £4.87 million in pay and perks last year.

New analysis of Company House records has revealed the country’s water industry paid out a staggering £10 million in executive salaries last year, the highest on record.

Severn Trent Water has rewarded their two executives with a staggering £1.23million  in base pay, even before huge bonuses and pensions are added on. This is despite the firm pumping raw sewage into the local area, including Wash Brook and the River Sence

Since 2020, executives at the water firm have paid themselves over £15million  in pay and perks.

The Liberal Democrats have called for a ban on all CEO bonuses within the water industry, as well as the firms to be reformed as “public companies”. The reforms would put an end to profit before the environment and ensure their boards including environmental experts.