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Water company bosses have awarded themselves over £25m in bonuses and incentives since the last general election, according to analysis by Labour.

The analysis found that nine water chief executives were paid £10m in bonuses, £14m in incentives and £603,580 in benefits since 2019.

It comes amid outrage over illegal sewage dumping, with water firms in England seeking to hike customers’ bills by an extra £156 a year to invest in Britain’s Victorian infrastructure.

Labour has pledged to give the water regulator new powers to ban payouts to bosses of firms that are illegally polluting rivers, lakes and seas if it wins the next election.

It said under the plans, Ofwat could have blocked six out of nine water chiefs’ bonuses last year because of severe levels of sewage pollution.

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Steve Reed, the shadow environment secretary, said: “This Conservative government has wilfully turned a blind eye to corruption at the heart of the water industry.

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“The result is stinking, toxic sewage destroying our countryside, and consumers facing higher bills while failing water bosses pocket millions in bonuses.”

The government has introduced unlimited fines for water companies who pollute and increased Ofwat’s powers to ensure water company dividends are linked to environmental performance.

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What caused Britain’s sewage crisis?

And last year, Ofwat decided that water companies failing to meet environmental commitments would be barred from funding bonuses from household bills.

Labour said it will go further by allowing the regulator to ban bonuses altogether and making sure chief executives face personal criminal liability for “extreme and persistent” lawbreaking.

Mr Reed said: “Labour will put failing water companies under special measures. We will strengthen regulation so law-breaking water bosses face criminal charges, and give the regulator new powers to block the payment of any bonuses until water bosses have cleaned up their filth.

“With Labour, the polluter – not the public – will pay.”

The sewage scandal has come under the spotlight in recent years, with a string of high-profile incidents, including a sewage discharge at a picturesque beach in Cornwall, fuelling disgust over the issue.

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‘Sewage scandal’ in water system

Water companies have faced a backlash over bonuses and shareholder dividends – seen by critics as rewards for failure given the scale of the problems facing the sector.

Untreated sewage was discharged more than 1,000 times a day across the UK’s waterways between September 2022 and 2023, according to the Surfers Against Sewage campaign group.

They said that as well as being an environmental problem, the sewage scandal is increasingly a public health one too – with reports of sickness after entering the water tripling over the past year.

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Water firms in England have apologised to customers and submitted a business plan to Ofwat that would see investment almost double from current levels to £96bn between 2025 and 2030.

Water UK said the plans would pay for 10 new reservoirs, cut leaks and stop the equivalent of 6,800 Olympic swimming pools-worth of sewage spills.

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It said the scale of the work meant that the average bill in England was expected to be £7 per month higher by 2025, rising to £13 by 2030.

That sum is equivalent to £156 more per year.

It forms part of the government’s Plan for Water to update the UK’s Victorian-era sewage network.

A government spokesperson said: “Our Plan for Water is delivering more investment, stronger regulation, and tougher enforcement – and we have already been very clear that water companies must never profit from environmental damage.

“That is why we have given Ofwat increased powers to hold them to account, as well as boosting Environment Agency powers through unlimited financial penalties. That’s on top of the £150m levied through criminal prosecutions since 2015.

“All storm overflows across England are also already fitted with monitors, with this government having increased monitoring from 7% in 2010 to 100% now.”

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Jaguar Land Rover cyberattack pushes overall UK car production down more than a quarter

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 Jaguar Land Rover cyberattack pushes overall UK car production down more than a quarter

UK car production fell by more than a quarter (27.1%) last month as a cyberattack at Jaguar Land Rover halted manufacturing at the plant, industry figures show.

The total number of vehicles coming off assembly lines – including cars and vans – fell an even sharper 35.9%, according to September data from the Society of Motor Manufacturers and Traders (SMMT).

“Largely responsible” for the drop was the five-week pause in production at Jaguar Land Rover (JLR) due to a malicious cyber attack, as other car makers reported growth.

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JLR’s assembly lines in the West Midlands and Halewood on Merseyside were paused from late August to early October as a result.

During this time, not a single vehicle was made. Production has since restarted, but the attack is believed to have been the “most financially damaging” in UK history at an estimated cost of £1.9bn, according to the security body the Cyber Monitoring Centre.

It was the lowest number of cars made in any September in the UK since 1952, including during the COVID-19 lockdown.

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Are we in a cyber attack ‘epidemic’?

Despite the restart, the sector remains “under immense pressure”, the SMMT’s chief executive Mike Hawes said.

The phased restart of operations led to a small boost in manufacturing output this month, according to a closely watched survey.

Of the cars that were made, nearly half (47.8%) were battery electric, plug-in hybrid or hybrid.

The vast majority, 76% of the total vehicles output, were made for export.

The top destinations are the European Union, US, Turkey, Japan and South Korea.

JLR was just the latest business to be the subject of a cyberattack.

Harrods, the Co-Op, and Marks and Spencer, are among the companies that have struggled in the past year with such attacks.

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English Championship side Sheffield Wednesday file for administration

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English Championship side Sheffield Wednesday file for administration

Championship club Sheffield Wednesday have filed for administration, according to a court filing, which will result in the already struggling side being hit with a 12-point deduction.

The South Yorkshire club currently sit bottom of the Championship, the second tier of English football, with just six points from 11 games.

Known as The Owls, Wednesday are one of the oldest surviving clubs in world football, with more than 150 years of history.

Court records confirm the club have filed for administration. A notice was filed at a specialist court at 10.01am.

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Sky’s Rob Harris reports on the news that Sheffield Wednesday have filed for administration

What has happened?

The Owls, who host Oxford United on Saturday, have been in turmoil for a long time.

On 3 June, owner Dejphon Chansiri, a Thai canned fish magnate who took over the club in 2015, was charged with breaching EFL regulations regarding payment obligations.

Sheffield Wednesday fans protest the ownership at a game away to Leeds United in January. Pic: Reuters
Image:
Sheffield Wednesday fans protest the ownership at a game away to Leeds United in January. Pic: Reuters

Weeks later, Mr Chansiri said he was willing to sell the club in a statement on their official website.

Sheffield Wednesday's troubles have sparked furious protests from fans. Pic: PA
Image:
Sheffield Wednesday’s troubles have sparked furious protests from fans. Pic: PA

Their crisis deepened just days later when another embargo was imposed on the club relating to payments owed to HMRC, before players and staff were not paid on time on 30 June.

In the months that followed, forwards Josh Windass and Michael Smith left the club by mutual consent. Manager Danny Rohl, now at Rangers, also left by mutual consent.

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Frustrated Sheffield Wednesday supporters have targeted their embattled club’s owner in a highly-visible protest during their opening match of the season.

The Owls were forced to close the 9,255-capacity North Stand at Hillsborough after a Prohibition Notice was issued by Sheffield City Council.

‘Current uncertainty’

On 6 August, the EFL released a statement, saying: “We are clear that the current owner needs either to fund the club to meet its obligations or make good on his commitment to sell to a well-funded party, for fair market value – ending the current uncertainty and impasse.”

On 13 August, the Prohibition Notice was lifted, but a month later, news emerged of a winding-up petition over £1m owed to HMRC.

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Last season, Wednesday finished 12th. They had already been placed under registration embargoes in the last two seasons after being hit by a six-point deduction during the 2020/21 campaign, for breaching profit and sustainability rules.

With a 12-point deduction, the Owls would be 15 points away from safety in the Championship.

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Retail sales the highest in three years in a surprise to economists

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Retail sales the highest in three years in a surprise to economists

Retail sales are at the highest level in more than three years, in the latest measure of the UK economy to confound economists.

The amounts bought in shops rose 0.5% in September, far above the 0.2% contraction anticipated by economists polled by Reuters.

It was the fourth monthly rise in a row and brought volumes to their highest level since July 2022.

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Doing well were computer and telecommunications retailers as the iPhone 17 launched in the month, while online jewellers reported strong demand for gold despite the price hovering around record highs.

Gold has been in demand, and in recent days reached a record high, as some investors moved money out of the US dollar and government bonds amid the ongoing government shutdown.

It came despite a rainy month – which typically keeps shoppers at home – and a five-day tube strike in London.

The impact of the rain could be seen, however, in the boost to online spending, which rose to one of the highest levels since the end of the pandemic.

A fall was recorded in food shop sales from August to September, signalling a response to high food price inflation.

A good week for the economy?

Retail sales figures are significant as they measure household consumption, the largest expenditure in the UK economy.

Growing retail sales can mean economic growth, which the government has repeatedly said is its top priority.

Earlier this week, another key economic measure came in better than expected.

Inflation remained at 3.8% rather than rising to the widely expected 4% – double the target rate set by the interest rate-setters at the Bank of England.

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Consumers were feeling better about their finances, a closely watched measure of consumer confidence showed on Friday.

Buying sentiment is up from last month, according to market research company GFK, as intentions to buy big-ticket items like electrical goods and furniture rose.

Combined, it suggests people are not feeling too gloomy in the run-up to the November budget.

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