Sounds like guillotine time

Well since they've found all that spare money, it seems there's no need for water rate rises after all.

This is the best summary I could come up with:

Britain’s water companies have been under intense scrutiny in recent years over their environmental performance, amid disgust over the amount of raw sewage flowing into the UK’s rivers and seas.

Those concerns have been particularly relevant for customers of South West Water in Devon, after the outbreak last month of the parasite cryptosporidium, which causes cryptosporidiosis, often in the form of diarrhoea and vomiting.

News of Davy’s pay increase comes amid a general election campaign in which water quality has played a prominent role.

Anthony Mangnall, who was the Conservative MP for Totnes and South Devon until the dissolution of parliament, said Davy should resign after refusing to change course on a £127m dividend.

It is surprising that failure to surpass this fairly minimal expectation not only nets a half-a-million-pound salary, but also a six-figure performance-related payout.”

She will be replaced by David Sproul, a global deputy chief executive of the accountants Deloitte from 2019 to 2021 and the current chair of Starling Bank.

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