Big Bonuses Are Back at UK Banks(bloomberg.com)

https://www.bloomberg.com/opinion/articles/2023-10-24/big-bonuses-are-back-at-uk-banks

4 comments

As is common with EU rules, this rule had serious side effects. All that happened is that total pay stayed about the same, just that a greater fraction was salary.

Before, if times were tough, then the banks could significantly cut overall costs by cutting bonuses. With these rules their hands were tied - they still had to pay the higher salaries.

jjgreen3년 전

Seems only fair, there's a 37% increase in the number of three-day emergency food parcels distributed by food banks after all.

https://commonslibrary.parliament.uk/research-briefings/cbp-...

ilrwbwrkhv3년 전

The UK is basically destroying itself at multiple levels. It's really sad to see. Would have been nice to have a balanced counter partner in the anglo world to the USA.

eulgro3년 전

https://archive.ph/rEiB7