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Over 2,400 Uk Bankers Paid €1M

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http://www.guardian.co.uk/business/2013/jul/15/uk-bankers-pay-european-banking-authority

More bankers in the UK were paid over €1m than in any other nation in the European Union, where a total of 3,175 met the regulatory description of "high earners". According to the European Banking Authority, the pan-EU regulator, 2,436 of these were in the UK.

The next largest total was in Germany where 170 received €1m or more for 2011 and in France it was 162. In eight countries in the EU, no bankers received more than €1m.

I'm sure they're investing this back into our economy and paying all due taxes. UK clearly has the most successful economy to hire all this talent.

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2.4Billion in wages.

could go a long way to reduce some of that deficit.

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2.4Billion in wages.

could go a long way to reduce some of that deficit.

JSA payment in total is what? £5BN

Imagine how many of them must be half a million or even £250k etc

Edited by Secure Tenant

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JSA payment in total is what? £5BN

Imagine how many of them must be half a million or even £250k etc

have to maintain differentials otherwise these stars just wont perform

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I thought Ian Dickhead Smith has limited the feckless scroungers to £500 p.w ?

Apparently not.

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I thought Ian Dickhead Smith has limited the feckless scroungers to £500 p.w ?

Apparently not.

post of the week

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Pah, £2.4bn is nothing. The swillers must be smacking their lips at the prospect of the next two years with Osborne and Carnage spend spend spending to win in 2015.

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http://www.guardian.co.uk/business/2013/jul/15/uk-bankers-pay-european-banking-authority

I'm sure they're investing this back into our economy and paying all due taxes. UK clearly has the most successful economy to hire all this talent.

No great surprise as the UK as a banking centre dwarfs the other European centres. More meaningful comparisons might be number of £1m bonuses per 1,000 sector workers etc.

In other news Job vacancies on wane in the City http://www.standard.co.uk/business/business-news/news-in-brief-job-vacancies-on-wane-in-the-city-infosys-soars-as-it-confirms-targets-barbecue-rush-hots-it-up-for-john-lewis-8705941.htmlhttp://www.standard.co.uk/business/business-news/news-in-brief-job-vacancies-on-wane-in-the-city-infosys-soars-as-it-confirms-targets-barbecue-rush-hots-it-up-for-john-lewis-8705941.html:

"City job vacancies have fallen by more than a fifth while the number of finance professionals seeking work booms, figures released today reveal.

City headhunter Morgan McKinley’s London Employment Monitor found a 22% drop in new roles coming on to the market between May 13 and June 13 when compared to the same period last year."

... meaning less taxes to pay for schools, hospitals etc. This would be a good time for the government to unveil it's plans for re-balancing the economy away financial services blah blah...

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City headhunter Morgan McKinley's London Employment Monitor found a 22% drop in new roles coming on to the market between May 13 and June 13 when compared to the same period last year."

... meaning less taxes to pay for schools, hospitals etc. This would be a good time for the government to unveil it's plans for re-balancing the economy away financial services blah blah...

Some alternative interpretations with that.

Despite more people competing for fewer vacancies, salaries for new jobs were 12% higher on the year.

http://www.ibtimes.co.uk/articles/489526/20130712/london-finance-jobs-vacancies-city-morgan-mckinley.htm

and (yeahh the recovery, protect the HPI) http://www.independent.co.uk/news/business/analysis-and-features/at-long-last-are-the-markets-giving-us-some-good-news-8706714.html

Hakan Enver, operations director at Morgan McKinley Financial Services, described the figures as a "positive sign" but added: "Overall [in the first half of 2013], there have been 9 per cent fewer jobs coming on to the market, indicating that there is still scope for further market recovery over the remainder of the year."

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The row over bankers' pay has been reignited by data showing that more than 2,400 bankers in the City were paid in excess of €1m in 2011 – more than three times as many as in the rest of the EU put together.

That's how it was put on the radio yesterday. They then went on to say the figures were about 2400 for the "City" versus 700 for the rest of the eu.

Germany and the rest of the eu must be so poor ;)

Edited by billybong

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Pat McFadden, a Labour MP who sits on the Treasury select committee, said: "These figures illustrate the on-going problem with huge salaries in banking at a time of austerity for most people. The problem with pay in banking is not just the high levels but that bonuses are paid out without risks being understood and on the basis of results that don't look so good in the future."

Strange that he (reportedly) didn't mention one of the problems of pay in banking being the fact that they've been at the very least totally incompetent and a lot of their "profit" derives from bailouts and easy money from favourable base rates along with taxpayers taking over the risks. Instead he just demonstrates ability to waffle and disguise.

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Strange that he (reportedly) didn't mention one of the problems of pay in banking being the fact that they've been at the very least totally incompetent and a lot of their "profit" derives from bailouts and easy money from favourable base rates along with taxpayers taking over the risks. Instead he just demonstrates ability to waffle and disguise.

Politicians are always pointing fingers but rarely at themselves.

Incidentally the meaningful comparisons for London as a financial centre are against New York or Tokyo, not Paris or Frankfurt.

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Politicians are always pointing fingers but rarely at themselves.

Incidentally the meaningful comparisons for London as a financial centre are against New York or Tokyo, not Paris or Frankfurt.

Indeed - and despite what they repeatedly claim they often don't want things to change and like to disguise the facts of matters.

It would have been very interesting to see comparisons with New York and Tokyo and even a few others but the reported comparisons seem to have been restricted to the eu which did at least show up some interesting things within that context. Especially in comparison to Germany one of the most successful countries.

Edited by billybong

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Indeed - and despite what they repeatedly claim they often don't want things to change and like to disguise the facts of matters.

It would have been very interesting to see comparisons with New York and Tokyo and even a few others but the reported comparisons seem to have been restricted to the eu which did at least show up some interesting things within that context. Especially in comparison to Germany one of the most successful countries.

If the truth is to be known....it is the bankers that have supported the politicians in more ways that one, how ethical they have been and how much damage they have done with their casino trading is something not too much fuss has been made about......they are more interested in stirring up and focusing on the morality of those that are far weaker with far less power, that can do far less damage to the rest of society than the bankers can. ;)

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If they aren't allowed the big wages, bonuses and pensions they'll all be carrying out their threat to jet off to the lucrative jobs overseas - but not the eu.

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At last- proof that QE works- it makes bankers rich.

But hang on- weren't they already rich?

By an inexplicable quirk of fate we seem to have spent the last five years printing money to give to the very people who made that printing necessary in the first place.

Have we just gone around in a big circle and ended up with a still knackered economy run by rich bankers working at too big to fail banks? :lol:

That's probably the most expensive waste of time in history.

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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