The Thames Tideway project in London has seen costs rise by 100 million, bringing the total to 5 billion. The chief executive, Andy Mitchell CBE, received a pay rise to 2.5 million for the year ending March 2025. This increase includes a substantial retention bonus and other benefits. Thames Water customers will face rising bills to help fund this initiative, which captures sewage to prevent river pollution. However, executive salary hikes have raised concerns regarding income inequality and living standards in the UK.
Andy Mitchell CBE's pay for the year to March 2025 surged to 2.5 million, up from 1.9 million the prior year, amidst rising project costs.
The Thames Tideway project, designed to reduce river pollution, saw its total cost escalate to 5 billion, with customer water bills projected to rise by about 25 annually.
With over 6.7 million tonnes of sewage captured, the tunnel aims to prevent pollution from overflowing into the Thames, marking a significant upgrade to London's sewage system.
Luke Hildyard noted the troubling trend of high executive pay, asserting that excessive concentration of income at the top negatively impacts living standards in the UK.
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