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Bonuses For Senior City Workers To Rise, Survey Says - Expecting 21% Increase

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http://www.bbc.co.uk/news/business-30572456

Senior workers in London's financial services sector are expecting an average 21% rise in their bonus payouts for this year, a survey found.

The increase would take the average bonus to £124,680, according to recruitment firm Astbury Marsden, which surveyed 1,500 senior City staff.

Adam Jackson, a director at the firm, said rising confidence was translated into rising bonus expectations.

The increase comes despite political and public pressure to curb bonuses.

"Business conditions in the City have improved significantly over the last year," Mr Jackson said.

"Despite shareholder and public pressure to limit bonuses and with the EU bonus cap now set to be introduced at the start of 2015, City staff clearly feel that their employers are in the position to reward them well."

Clearly they are in a position to be rewarded they are being given free money to profit from and they are making a profit. The hard working city workers need a 21% bonus, they aren't hard working families these people create a successful economy which is world leading. A bonus increase of 21% isn't really thanking them at all.

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No surprises there.....some have to have access to all the new created money, right time right place little to do with how good they are at their job..hope they enjoy it and spread it about a bit.

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We were told that City salaries would rise, bonuses would shrink and malfeasance would be eradicated. And what actually happened? Salaries are up, bonuses are up and criminality is still endemic.

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We were told that City salaries would rise, bonuses would shrink and malfeasance would be eradicated. And what actually happened? Salaries are up, bonuses are up and criminality is still endemic.

That is because the criminality and the pack of lies revolves around and is underwritten right at the top at the source of the money - the central bank and government.

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Im sure the Bank of England can set up yet another acronym committee to ignore the looting and haldane can pump out a few dozen more papers on theoretical finance.

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It sounds like the last hurrah before the general election and Messrs Cameron, Osborne, Clegg and Cable won't object as they'll be thinking of their sinecure jobs quite possibly needed after the general election.

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No surprises there.....some have to have access to all the new created money, right time right place little to do with how good they are at their job..hope they enjoy it and spread it about a bit.

Not much spreading, historically they have punted it back on the Market long , hence the Santa rally.

Telegraph last year on bonus led rally.....

http://www.telegraph.co.uk/finance/markets/10536988/FTSE-100-rises-for-fifth-day-as-Santa-Rally-continues.html

'' The market typically turns bullish at the end of year as banker's bonuses are reinvested into shares''

Edited by crashmonitor

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It's absolutely unjust, unethical and criminal behavior as far as I'm concerned. They should be accountable for all the havoc and crap the general populous have had to endure.

An ill of society that goes unrecognised because those in authority are themsleves dead and soulless!

I have no problems with bonuses in general but when it comes to the financial sector it's unthinkable that such blood sucking thieving individuals can carry on after their horrendous errors in recent years. Bankers bonuses would be more usueful paying off the national debt.

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It's absolutely unjust, unethical and criminal behavior as far as I'm concerned. They should be accountable for all the havoc and crap the general populous have had to endure.

An ill of society that goes unrecognised because those in authority are themsleves dead and soulless!

I have no problems with bonuses in general but when it comes to the financial sector it's unthinkable that such blood sucking thieving individuals can carry on after their horrendous errors in recent years. Bankers bonuses would be more usueful paying off the national debt.

Yep, they've taken us for fools every years since the advent of the crisis. The city is nothing more than a large tax on doing business in this country. Everything they have their hand in, they make more expensive for the rest of us.

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