Big Bonuses Are Back at UK Banks

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

by feross • 3 years ago

7 4 3 years ago

jjgreen• 3 years ago

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-...

ilrwbwrkhv• 3 years ago

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.

clarada• 3 years ago

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.

eulgro• 3 years ago

https://archive.ph/rEiB7

Big Bonuses Are Back at UK Banks

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