It isn’t “anti-business” to oppose high pay for mediocrity
One Society’s Larissa Hansford argues that businesspeople don’t know the first thing about what is and isn’t “anti-business”.
bonuses
Rewards for failure continue at the top of industry
Alex Hern examines the common link between the appalling bad RBS quarter, and the appallingly good Centrica one: Rewards for failure.
On the Financial Transaction Tax, why is Osborne on the side of the one per cent?
Today Dr Rowan Williams came out in support of a Financial Transaction Tax – yet George Osborne still opposes the tax that would raise billions for the poor.
Boris: The bankers’ best friend
Boris Johnson held more meetings with bankers and the financial services industry than with government ministers, the Met police, his electors or the press since coming to power.
Banks let off the hook on lending
The long awaited outcome of the government’s “Project Merlin” deal with the banks has been published. Questions are already being asked about the failure of government to get tough on bonuses and the low level of transparency on pay, buttest
Countering the myths that bankers will leave if bonuses are reduced
There is widespread anger because bonuses are out of proportion with average incomes, reasonable reward, or the perceived social usefulness of banks.
Coalition gives up on tackling bankers’ bonuses as 2010 total set to hit £7bn
It’s hardly a surprise, but the coalition has decided that it has done as much as it intends to tackle excessive bankers’ bonuses, even at a time when small businesses continue to suffer as banks refuse to lend. Most banks will not pay out their bonuses for 2010 until February 2011 but the Treasury minister Lord Sassoon’s declaration in the House of Lords this week indicates the government is satisfied that its ‘work’ on City bonuses is complete.
City bonuses set to rise following withdrawal of payroll tax
A new study has shown that Alistair Darling’s ‘bankers’ bonus tax’ reduced the amount paid out in City bonuses, reports Left Foot Forward’s Claire French.