bonuses
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 […]
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.
Coalition gives up on tackling bankers’ bonuses as 2010 total set to hit £7bn
It’s hardly a surprise, but the coalition has decided that it has done as much as it intends to tackle excessive bankers’ bonuses, even at a time when small businesses continue to suffer as banks refuse to lend. Most banks will not pay out their bonuses for 2010 until February 2011 but the Treasury minister Lord Sassoon’s declaration in the House of Lords this week indicates the government is satisfied that its ‘work’ on City bonuses is complete.
City bonuses set to rise following withdrawal of payroll tax
A new study has shown that Alistair Darling’s ‘bankers’ bonus tax’ reduced the amount paid out in City bonuses, reports Left Foot Forward’s Claire French.