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After VAT soars and millions see pay freeze
the bankers who almost crippled the
economy will collect BILLIONS in bonuses
<---http://www.dailymail.co.uk/news/article-1344939/Bank-bonuses-Billions-paid-despite-Government-clamp-down.html
By Daily Mail Reporter
Last updated at 6:30 PM on 7th January 2011
Action: Business secretary Vince Cable has said the Coalition is 'fully signed up to robust action' in curbing bonuses
Action: Business secretary Vince Cable has said the Coalition is 'fully signed up to robust action' in curbing bonuses
Bankers will receive billions of pounds in bonuses this year - despite demands from Government to reign in payments following the banking crisis that crippled the economy.
City bankers are expected to share a bonus pot worth around £7bn during the coming two months - a figure that is likely to spark outrage among struggling families and small businesses unable to borrow money.
It will be seen as a particularly bitter blow just days after the increase in VAT - from 17.5 per cent to 20 per cent - and as oil and food prices are set to soar.
Read more: http://www.dailymail.co.uk/news/art...pite-Government-clamp-down.html#ixzz1ANjd9mn8
the bankers who almost crippled the
economy will collect BILLIONS in bonuses
<---http://www.dailymail.co.uk/news/article-1344939/Bank-bonuses-Billions-paid-despite-Government-clamp-down.html
By Daily Mail Reporter
Last updated at 6:30 PM on 7th January 2011
Action: Business secretary Vince Cable has said the Coalition is 'fully signed up to robust action' in curbing bonuses
Action: Business secretary Vince Cable has said the Coalition is 'fully signed up to robust action' in curbing bonuses
Bankers will receive billions of pounds in bonuses this year - despite demands from Government to reign in payments following the banking crisis that crippled the economy.
City bankers are expected to share a bonus pot worth around £7bn during the coming two months - a figure that is likely to spark outrage among struggling families and small businesses unable to borrow money.
It will be seen as a particularly bitter blow just days after the increase in VAT - from 17.5 per cent to 20 per cent - and as oil and food prices are set to soar.
Read more: http://www.dailymail.co.uk/news/art...pite-Government-clamp-down.html#ixzz1ANjd9mn8
