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City Bonuses Rise Twice As Fast As Rest Of Workforce

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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.


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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

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  • 407 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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