More than one in ten bankers and traders in the UK and Europe could receive no bonus this year, as banks slash their year-end pay-outs following weaker revenues.
Surely some mistake?
Won’t the world be ending soon if that’s true?
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With any luck, they’ll all go elsewhere. Perhaps Switzerland, New York or the Far East will accept them. Their so-called contribution to the UK economy would soon be replaced. There are five million people without work in the UK. That represents an awful lot of lost production of goods and services from which we would all benefit.
There’s a whisper of a story on the blog of the Business Editor at Sky News:
“Exclusive: RBS and UKFI in talks over £50,000 cash bonus cap.”
http://blogs.news.sky.com/kleinman/Post:a154f823-411e-4526-9602-d134605d7333