The first place to start on bankers’ pay is that it needs to be lower
Does anyone deserve to make sums of money so far in excess of what the majority of UK workers earn?
bankers’ bonuses
It’s official: high earners delayed their bonuses to take advantage of Cameron’s 50p tax cut
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.
You do the crime, you do the time. It seems that’s the case everywhere but banking
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?
Big pay rises at top British companies
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.
George Osborne is on weak ground opposing sensible proposals on bank bonuses
Despite record fines for everything from mis-selling to Libor rate fixing and even money laundering, it has been another season of bumper bonuses. Yet against this backdrop our chancellor finds himself in Brussels arguing against a plan to rein in excessive bonuses.
Revealed: the pay gap at Britain’s top firms
Left Foot Forward looks at the pay gap between best paid and worst paid at some of Britain’s best known firms.
Balls calls for “three more u-turns” – on a bankers’ bonus tax, 50p and the ‘granny tax’
As the Finance Bill reaches its final stages in the Commons today, Ed Balls has called on George Osborne to u-turn on bonuses, the 50p cut and the ‘granny tax’.
Bank reform proposals a small step forward but lack radicalism
Ben Fox gives an in-depth analysis of the Independent Commission on Banking interim report on the future of UK banking.
Coalition fails “moment of truth” on bankers’ bonuses
Last month, Lord Oakeshott describe Project Merlin as “a real moment of truth for the coalition on fairness”. The peer has tonight resigned over the Government’s deal on banking.
Banks let off the hook on lending
The long awaited outcome of the government’s “Project Merlin” deal with the banks has been published. Questions are already being asked about the failure of government to get tough on bonuses and the low level of transparency on pay, buttest