Thames Water refuses to claw back bonuses paid using £3bn emergency loan

Money paid out from loan meant to stabilise firm’s finance’s only weeks before it paused retention payments plan

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Thames Water paid almost £2.5m to senior managers from an emergency loan that was meant to be used to keep the failing utilities company afloat – and has refused to claw back the payments, newly released documents reveal.

The struggling water supplier paid bonuses totalling £2.46m to 21 managers on 30 April.