Saturday, Aug 09, 2008
What a change in a year, or where has my money gone.
Guardian.co.uk (august 2007): City bonuses hit record high with £14bn payout
The Guardian, Tuesday August 28 2007
City bonuses have increased by 30% to a record £14bn this year. The rise is twice as big as in 2006 and likely to exacerbate the widening gap between executive and shop-floor pay. The bonuses come against a background of record debt, rising bankruptcies and home repossessions.
Analysis by the Guardian of preliminary data from the Office for National Statistics (ONS) shows that bonuses across the economy rose 24% this spring to £26.4bn, comfortably exceeding the country's entire transport budget. More than half, £14.1bn, was earned by the 1 million people in the financial services sector. The figure for 2006 bonuses was £10.9bn
Posted by iain greig @ 08:23 AM (284 views) Add Comment
4 Comments
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1. bystander said...
A year doesn't seem to make it any less disgusting.
2. Ccamper said...
These obscene bonuses are the rich robbing the poor.
Why should anyone earning less than £50k bother working or paying taxes?
3. last_days_of_disco said...
Can we have the 14bn back please, seems it was paid out in error. I think that is a valid question for the FSA to pose. That 14bn should be paid back.
4. renting2 said...
'Clawback' I think is what should be applied to those bonuses.