Jump to content
House Price Crash Forum
Sign in to follow this  

City Bonuses Rise Twice As Fast As Rest Of Workforce

Recommended Posts

And another box ticked in time for the GE.

LONDON (Reuters) - Bonuses for Britain's bankers and insurance workers rose at double the pace of those for the total workforce last year, despite politicians' and regulators' attempts to clamp down on bumper payouts at financial firms.

Employees in the finance and insurance industry were on average paid a bonus of 13,300 pounds in the year to April, up 5.5 percent on a year earlier, according to data released by the Office of National Statistics (ONS) on Friday.

Across the whole of the UK workforce, the average bonus per employee was just over 1,500 pounds, 2.6 percent higher than the previous year.

Politicians have been trying to crack down on generous bonuses in financial services following the credit crunch. Many blame such incentives for encouraging excessive risk-taking, which destabilised banks that then needed to be bailed out.


Share this post

Link to post
Share on other sites

My local dustbinmen didn't get any kind of bonus, and civilisation would come to a halt without their sterling work.

No! and quite rightly too, anything more than a minimum wage and they would be wrongly thinking that they were on par with their betters. And to put them well and truely in their place, the service has been outsourced to a company that only employs newly arrived EE imigrants and less of them to do the job more efficiently. The old lags can go and beg for a living which is what they deserve after half a lifetime demanding the minimum wage, the cheeky beggars!.

(or so enacted my last council in the UK a few years ago)

Edited by steve99

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.