Countering the myths that bankers will leave if bonuses are reduced
There is widespread anger because bonuses are out of proportion with average incomes, reasonable reward, or the perceived social usefulness of banks.
bankers’ bonuses
Osborne’s u-turns on regulation and bonuses enough to make your head spin
On bankers’ bonuses alone, George Osborne’s constant changes of direction since becoming shadow chancellor in 2005 would be enough to make anyone’s head spin.
Expecting Tories to regulate bonuses is like Turkeys voting for Christmas
Rachel Reeves, Labour MP for Leeds West, reports on the Tory-led government’s failure to take action on bankers’ bonuses, despite all the pre-election rhetoric.
Top Lib Dem: Bankers’ bonuses are “moment of truth for coalition”
Lord Oakeshott raised the bar on bankers’ bonuses last night. He promised strong action and reiterated Nick Clegg’s words that the Lib Dems “won’t stand idly by” on bank payouts.
Bankers’ bonuses under fire as Barclays chief faces Parliament
Barclays chief executive Bob Diamond was today questioned by the Treasury select committee regarding the behaviour of the bank, reports Claire French.
Government’s failure doesn’t mean we can’t get our money’s worth from banks
The government’s failure to take action over bankers’ bonuses does not mean that we can’t get our money’s worth from the banks, argues Ben Fox.
Will the government drop bankers’ pay legislation?
The Labour government in response to the public outrage on bankers’ pay promised to increase transparency by introducing legislation that would force banks to reveal the pay of their top earners. It wouldn’t name and shame but it would, for example, show how many people were earning more than £1 million or more than £10 million in any one bank.