The UK government’s challenge to the European Union’s cap on bankers’ bonuses has been throw out by the advocate general.
Tag Archives: bankers’ bonuses
The banks are using their political influence to defend the interests of their highest-paid employees
Capitalism’s legitimacy will disintegrate if a tiny elite are allowed to capture the rewards of growth for themselves.
This week’s announcement by HSBC of the extent to which they are circumventing European Union rules limiting bankers’ bonuses provoked more than usual outrage.
In 2010 and 2011, just 2,500 top bankers earned enough in bonuses to bring all 750,000 Londoners currently on poverty wages up to a living wage.
Does anyone deserve to make sums of money so far in excess of what the majority of UK workers earn?
The Office for Budget Responsibility (OBR) yesterday made it official: high earners delayed their bonuses to take advantage of Cameron’s top rate tax cut.
Money laundering, forgery, fraud, corruption – if you do the crime, you do the time. It seems that’s the case everywhere but banking.
This is one conclusion arrived at after a year on the Parliamentary Banking Standards Commission (PBSC) examining the standards and culture of the industry. Why is it an off-shore island seemingly not subject to the normal rules of society?
The 100 best-paid chief executives of British companies were paid £4.3 million each on average last year, an increase of 13 per cent on 2011, research has found.