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Socially Most Trending News

.... Leave London, with its favourable regulation and amenable political class, its convenient red-eye flights to New York and thriving cultural scene? Sure, the option was there if the climate ever became too hostile, but few really expected it to do so. During the 2009 furore over the government’s plans to levy a supertax on bankers’ bonuses, I recall colleagues in the private investment firm where I worked scoffing at their own industry’s threats to relocate from the UK due to the punitive legislation. ... [Read full article on Guardian ]
Friday 21st of July 2017 08:00:13 AM
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.... They are certainly getting good value from their national insurance payments when they were working. Along the way they will also enjoy a £3,000 winter fuel bonus and once they reach 75, as they nearly all will, the TV licence is free, saving £147 a year. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 06:00:31 AM
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....2% in May. However, with regular pay growth excluding bonuses currently running at 1. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:21:55 PM
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....Household budgets have come under pressure from a fall in real pay, as prices rise faster than wages. That trend continued, according to the latest data, which showed average earnings including bonuses (shown above) rose 1. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 05:25:45 PM
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....Dimon was also the best-paid banking boss in the world for the second year running, raking in $28. 2m of pay, bonus and pension contributions last year. ... [Read full article on Guardian ]
Monday 24th of July 2017 10:36:39 AM
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....2bn loss centred on Iksil, who Martin-Artajo supervised and for whom Grout worked. Prosecutors said Martin-Artajo and Grout acted in part to enhance their prospects for promotions and bonuses. ... [Read full article on Guardian ]
Friday 21st of July 2017 11:45:22 PM
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.... I didn’t. At the end of each year, provided he had done the job he was employed to do, he was awarded a bonus, typically of several thousand pounds. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:14:02 PM
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Latest Finance News related to Bonus

Wall Street duo make $150m each on back of Trump election victory image
Source : Guardian [Read Article] Monday 24th of July 2017 10:36:39 AM
....Dimon was also the best-paid banking boss in the world for the second year running, raking in $28. 2m of pay, bonus and pension contributions last year. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
.... They are certainly getting good value from their national insurance payments when they were working. Along the way they will also enjoy a £3,000 winter fuel bonus and once they reach 75, as they nearly all will, the TV licence is free, saving £147 a year. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....2bn loss centred on Iksil, who Martin-Artajo supervised and for whom Grout worked. Prosecutors said Martin-Artajo and Grout acted in part to enhance their prospects for promotions and bonuses. ...
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik image
.... Leave London, with its favourable regulation and amenable political class, its convenient red-eye flights to New York and thriving cultural scene? Sure, the option was there if the climate ever became too hostile, but few really expected it to do so. During the 2009 furore over the government’s plans to levy a supertax on bankers’ bonuses, I recall colleagues in the private investment firm where I worked scoffing at their own industry’s threats to relocate from the UK due to the punitive legislation. ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
....Unite believes the extended action will soon leave BA unable to fill holes in rosters as non-striking crew – including some drafted in from other departments – reach a legal maximum on flying hours. The dispute started over pay for cabin crew, which starts at £12,100 in basic salary, but is pushed above £21,000 with bonuses and allowances, according to BA – a figure disputed by Unite, which says many crew members make around £16,000. ...
Are these the cheapest countries for expat living? image
Source : Daily Express [Read Article] Monday 17th of July 2017 04:00:00 PM
....The countries on this list offer far more than savings - their cultures, locations and opportunities are extensive and unique. They just have the added bonus that, because things are so relatively inexpensive, you can afford to enjoy and experience even more of it. ...
Carolyn McCall to become ITV chief executive image
Source : Guardian [Read Article] Monday 17th of July 2017 06:15:51 AM
....However, under the performance share plan McCall will be eligible for 265% of salary, while Crozier was awarded 225%. The existing annual bonus of up to 180% of salary remains the same. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... “They said my payslips don’t show the figures BA tells people we earn. ” Allowances, incentives and bonuses over basic pay count for little when applying for a mortgage, crew say. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
.... Ofcom’s annual report shows that White’s salary increased from £275,000 to £316,250 in the last financial year. Including bonuses, she collected £430,309, up from £375,200. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
....5m. While he waived his entitlement to any annual bonus for the year, his total was boosted by a £1. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
.... A report by MPs later accused Ashley of running Sports Direct like a Victorian workhouse. Blue was paid a £1m bonus, which Ashley claims was unrelated to the alleged pub deal. ...
Channel 4 chief David Abraham receives record pay package image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:25:12 PM
....However, flagship Channel 4 maintained its audience share in the face of a “tsunami of sport” aired by rivals including the Rio Olympics. The board awarded Abraham a bonus of £256,000, on top of his £560,000 basic salary, plus £140,000 in pension contributions. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....The prolonged drop in real wages reflects the rising pressure on household budgets as prices rise at a faster rate than pay. The ONS said that before inflation, regular pay growth excluding bonuses picked up slightly to 2% year on year in the three months to May, from 1. ...
Mark Zuckerberg’s got some cheek, advocating a universal basic income | Sonia Sodha image
.... Zuckerberg has no right to pronounce on what the welfare state should look like while Facebook takes aggressive measures to minimise its tax burden. Here in the UK, Facebook paid just £4,327 in corporation tax in 2014, despite paying its UK staff bonuses of £35m. ...
Spending falls at fastest rate for four years as consumers tighten belts image
....”. Official figures to be published on Wednesday are expected to show that wage growth including bonuses slowed to 1. ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
....Facebook, which made profits of $12. 4bn last year, has previously been criticised for exacerbating the housing crisis in Menlo Park by offering its staff a $10,000 bonus to move closer to its head office. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
....The Bank of England is worried that the UK stands in the foothills of the same debt mountain. Public spending is under pressure to ameliorate the worst of an economic slowdown while the banks, still wedded to a bonus culture that spurs reckless lending, are shovelling money out of the door in any way they can. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
.... And when they sign people up, you earn a small share of the money they spend too. The company says there are “customer gathering bonuses” averaging £20 for each person you sign up, plus “fast start bonuses” for new partners worth up to £1,000, “residual income” (ongoing commission from the people you have signed up), “group residual income” (ongoing commission from the customers that those in your “team” sign up), and “QUIP” payments (a way of accelerating your residual income). ...
Community groups call time on the demise of the British pub image
Source : Guardian [Read Article] Friday 7th of July 2017 04:19:25 PM
....”. Some of the schemes to finance the purchase of co-operative pubs offer those participating the bonus of a financial return. ...
Let’s move to Hove, East Sussex: ‘It attracts more young people than anywhere in the country’ image
.... Secondaries: Blatchington Mill and Hove Park are “good”. Hang out at… Spoilt for choice, with the added bonus that you won’t need to elbow out tourists at plum spots such as the Foragers or the Ginger Pig. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....3% tax on financial transactions. Bankers’ bonuses will no longer be considered when labour courts decide on unfair dismissal compensation under the proposals, easing the cost of labour disputes for French financial institutions. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....”. Ashley denied Blue’s allegations that he paid senior Sports Direct managers multimillion-pound bonuses from his personal funds to artificially keep down the pay of other staff. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. Jeffrey Blue, the investment banker who is suing Mr Ashley, claims that he promised to pay a £15m bonus if the share price doubled to £8. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
.... The risk that the trustee might not set up a sub-trust or give a loan of the sub-trust funds to the footballer does not alter the nature of the payments made to the trustee of the Principal Trust. "The discretionary bonuses made available to RFC's employees through the same trust mechanisms also fall within the tax charge as these were given in respect of the employee's work. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....Ashley told the high court on Wednesday that he could not believe that Blue was “trying to take me for £14m off the back of some drunk banter that he is seeking to engineer into something more”. The claimed deal was for £15m, but Blue was paid a £1m bonus and is suing for the £14m balance. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
.... He claims that Ashley agreed to pay him £15m if he could help double Sports Direct’s share price within three years. The shares did hit the £8-a-share target, and Blue was paid a £1m bonus but is pursuing Ashley for the claimed balance. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....Ashley, who was exposed for paying warehouse staff effectively less than the minimum wage, is alleged to have paid former Sports Direct boss Dave Forsey £1m a year on top of his “official” £150,000 salary as “a side payment so as artificially to cap the wages of other staff”. The sportswear tycoon is also alleged to have personally paid Forsey a secret £5m bonus – on top of a another publicly declared £5m company bonus – for his role in helping Sports Direct float on the stock market and turn Ashley into a billionaire in 2007. ...
Lenders told to be vigilant over loans image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:52:05 AM
....In a separate development, the FCA has highlighted risks with staff incentives at credit firms. It reviewed 98 firms and found that some had "inadequate systems and controls" to manage the risks of staff earning bonuses by increasing lending. ...
Bank of England steps up scrutiny of lenders image
Source : Guardian [Read Article] Tuesday 4th of July 2017 08:59:11 AM
....The PRA – which regulates 40% of providers of car finance and 80% of the credit card market – looks at the consumer finance market from the perspective of the lenders. The impact on borrowers is considered by the Financial Conduct Authority, which is scheduled to provide an update on its views later this month but on Tuesday told firms to scrutinise their bonus schemes. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
....04pm on 25 February 2014 Blue’s wife, who was also in court, texted him to say: “It’s hit 8!!!!!”. Ashley paid Blue a £1m bonus in May 2014, but said this was discretionary and not a downpayment on the alleged £15m deal agreed in the Horse and Groom. ...
Nisa denies staff annual bonuses despite hitting performance targets image
. Nisa, the convenience chain that is in takeover talks with Sainsbury’s, has angered several hundred head office staff by denying them annual bonuses despite hitting performance targets. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
....The issue specifically affects workers, who make less than £11,500 per year and contribute to a pension but do not pay taxes. All pension-contributors are entitled to a bonus from the Government, given in the form of tax relief. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
.... Some of Tesco’s soon-to-be-former employees may wonder if the £5. 3m paid to Lewis in bonuses over the past two years was a reward for a commercial revival that hasn’t yet happened. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....But instead of backslapping at the Pride hotel, the world’s largest retailer of Fairtrade products precipitated the greatest crisis in the scheme’s 25-year history by telling the 13 major tea groups and their 228,000 co-operative members that it intended to drop the globally known Fairtrade mark for their produce, and replace it with the phrase “fairly traded”. In place of the strict rules devised by farmers’ groups working with independent development experts to guarantee consumers that small-scale farmers are being rewarded with decent pay and bonuses, the £23bn-a-year retailer said it planned to set up its own in-house certification scheme, set new ethical standards and introduce a different way to pay the groups. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
....So, the short answer as to why no top banker lost his (they are always men) fortune when their banks went bust and required bailouts or nationalisation? It’s politics. There was too little political capital and almost no political will among mainstream parties to break up the banks and make them small and simple again – let alone to take on the “top” bankers and at least take away the bonuses paid out to reward profits that in 2008 proved illusory. ...
Online gambling firms face clampdown after watchdog's probe image
Source : Guardian [Read Article] Friday 23rd of June 2017 07:46:11 AM
.... “The gambling industry should be under no illusion that if they don’t comply with consumer law, we will see this as a breach of their operating licence, and take decisive action,” she said. Firms are accused of misleading customers over the terms and conditions of sign-up promotions, aimed at attracting new players on to casino-like gaming websites by offering bonus cash when they put in their own money. ...
M&S fashion chief will leave behind £1.7m as she departs Halfords image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:24:01 PM
....Jill McDonald, the boss of Halfords, is missing out on £1. 7m of bonuses from the bikes and car parts retailer as she jumps ship to Marks & Spencer. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
. Barclays has paid out an estimated £18bn in bonuses since 2008, the year it raised almost £12bn to bolster its financial position and avoid a taxpayer bailout. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....Leaf said buyer confidence may also dip as consumer price inflation hit 2. 9 per cent in the year to May, while wages excluding bonuses rose just 1. ...
Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets image
....Investigators have not concluded exactly why a FirstGroup-operated tram was speeding so fast when it derailed on a sharp bend in Croydon last November, killing seven people. But in the meantime, FirstGroup boss Tim O’Toole has had his £723,415 bonus withheld. ...
British workers are missing out on ‘buy one, get one free’ pension offer image
.... Note that the maximum anyone can pay into a pension and receive tax relief on is £40,000 a year. 2 Lifetime IsaLaunched in April, this lets you save tax free for either a property or retirement – the crucial difference to standard Isas is you also get a government bonus equal to 25% of everything you save. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....Alistair Phillips-Davies, the chief executive of SSE, will be paid £2. 92m in 2017 after receiving the maximum possible bonuses for leading a “robust performance” by the supplier last year. ...
BA cabin crew call two-week strike in July over pay dispute image
Source : Guardian [Read Article] Friday 16th of June 2017 01:51:16 PM
....Up to 2,000 members of BA’s mixed fleet, which employs mainly younger, recent recruits on inferior terms and conditions to most crew, will take renewed action after a pay deal foundered over reprisals for staff who went on strike. Members of the Unite union rejected a deal that included bonuses and travel perks being withheld from crew who had taken action earlier in the year. ...
More than half of Morrisons investors rebel over executive pay image
Source : Guardian [Read Article] Thursday 15th of June 2017 06:21:25 PM
....The vote comes after shareholder advisory services, including ISS, recommended rejecting the report. The supermarket chain had announced plans to increase the maximum long-term bonus for its chief executive, David Potts, from 240% of his basic salary to up to 300%. ...
Brexit Bond offers top rate of 3% - if savers are RIGHT about UK's exit from EU image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:15:00 PM
....The Family Building Society is offering the deal to customers who are willing to either bet on the pound strengthening or weakening against the euro over the next two years. The Brexit Bond pays a fixed rate of one per cent a year, with another two per cent bonus potentially added when the product matures on May 2, 2019. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
....”. Robertson, who joined Thames Water in September 2016, was awarded an annual bonus of £54,000 and is paid a basic salary of £700,000 a year. ...
Pay squeeze intensifies as wage growth falls further behind inflation image
Source : Guardian [Read Article] Wednesday 14th of June 2017 08:35:03 AM
....The latest drop in real wages reflects mounting pressure on household budgets, as the sharp drop in the value of the pound since the EU referendum drives up the cost of goods imported from abroad and feeds through to higher shop prices. The ONS said that before inflation, regular pay growth excluding bonuses slowed to 1. ...
Revealed: reality of life working in an Ivanka Trump clothing factory image
Source : Guardian [Read Article] Tuesday 13th of June 2017 04:02:30 AM
. The reality of working in a factory making clothes for Ivanka Trump’s label has been laid bare, with employees speaking of being paid so little they cannot live with their children, anti-union intimidation and women being offered a bonus if they don’t take time off while menstruating. ...
Deposit-free renting sounds good – or could tenants lose out? image
Source : Guardian [Read Article] Saturday 10th of June 2017 06:00:18 AM
....“This starts at one week’s rent for their first Reposit, which will be a one-off payment for as long as they stay in that property. With good behaviour this will lower throughout the tenant’s renting life, like a no-claims bonus on your car, as they build up trust. ...
WPP boss £48m pay voted against by a fifth of investors image
Source : BBC [Read Article] Wednesday 7th of June 2017 02:46:21 PM
....She said: "Executive pay at WPP continues to look excessive. "Whilst we acknowledge that the reduction in the total long term bonuses and incentives available to executives under the new remuneration policy is a step in the right direction, the sheer scale of these remains exceptionally high, at over nine times the salary for the CEO. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
.... It addresses one small corner of the welfare state while the engine of employment and higher wages, namely the economy, continues to splutter. The new £3bn apprenticeship levy should be a bonus, but reports already indicate it that is being introduced haphazardly. ...
Burberry's Bailey to get £10.5m in shares when he checks out as CEO image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:35:18 PM
....9m the previous year. While he waived his entitlement to any annual bonus for the year, his total was boosted by a £1. ...
Skipton Building Society to launch cash Lisa – that’s a lifetime Isa  image
Source : Daily Express [Read Article] Tuesday 6th of June 2017 02:36:00 PM
.... . Lifetime Isas, or Lisas, can be opened by people aged between 18 and 39 to save for their first home, or their retirement, in the same pot, with a government bonus added. ...
Lifetime ISA providers: First cash LISA launched by Skipton Building Society  image
....The Lifetime ISA scheme officially launched on April 6 but, until now, only investment versions of the accounts have been made available. The LISA is different to normal ISAs because savers are rewarded with a 25 per cent bonus on contributions from the Government. ...
First cash Lifetime Isa launched image
Source : BBC [Read Article] Tuesday 6th of June 2017 10:55:03 AM
....Money saved in a Lifetime Isa is designed for buying a first home, or for retirement. The government offers savers a 25% annual bonus. ...
HSBC cash sweetener aims to entice staff to new Birmingham HQ image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:56:29 PM
. HSBC is offering its employees cash bonuses of up to £2,500 if they can convince a colleague to move from London to the bank’s new British headquarters in Birmingham. ...
Jay Hunt quits Channel 4 post just days before decision on top job image
Source : Guardian [Read Article] Friday 2nd of June 2017 10:47:33 AM
....But so far this year, ratings have been poor, with Channel 4 lagging behind its competitors, highlighted by a 15% fall in its share of viewers aged 16 to 34, an age group highly prized by advertisers on which the broadcaster has built its reputation. Hunt, 50, was paid £612,000, including a £139,000 bonus, in 2015, according to Channel 4’s most recent annual report. ...
G4S rejoins FTSE 100 as Debenhams drops out of FTSE 250 image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:56:36 PM
.... . On Wednesday Melrose announced a £144m bonus package to be shared between four of its top executives and further bonuses for a wider group of senior managers. ...
Bumper bonus: four directors grab £40m each in City payday image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:58:59 AM
. The four top directors at UK turnaround specialist Melrose Industries are to share a bonus pot of £160m in one of the biggest corporate paydays in the City. ...
Car insurance in UK hits record high as tax rate on premiums increases image
....5% for drivers who install the device, of which about 3m are believed to be in use in UK cars. The cameras are particularly useful for drivers hoping to keep their no-claims bonus after an accident where they can use video evidence to show they were not at fault. ...
RBS shareholders refuse to settle in effort to force Goodwin to take stand image
....“There are a lot of pensioners [among the claimants], many of whom are ex-RBS employees. “When they went to presentations by Goodwin, they weren’t just encouraged to put their bonus in, but to put their savings in, even to go and borrow money. ...
'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
....Even though unemployment was better than forecast, official data confirmed pay growth failed to keep pace with inflation in the opening three months of 2017 and so wages were falling in real terms. Excluding bonuses, average earnings were up 2. ...
Shell shareholders to vote for new climate change goals image
Source : Guardian [Read Article] Sunday 21st of May 2017 10:38:07 AM
.... However, overall it backed the remuneration for last year. Pirc said the future pay policy was not without concerns for shareholders because when directors leave they would receive an automatic payout linked to their annual bonus, but on balance it backs supporting the policy in a binding vote. ...
'Commit to your challenging job or quit' – our work expert responds image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
.... I work extremely long hours and with total dedication to my role, colleagues and organisation. Until this year it has been customary for my employer to award performance-related bonuses and pay rises to staff on my grade. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
.... . Growth in earnings excluding bonuses actually fell in the same period, dipping from 2. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
.... Lloyds’ staff have done a decent job. And, given that Horta-Osório has a £850,000 bonus riding on the disposal of all the government’s shares in the bank (part of the £38m he’s earned along the way), his mood of celebration is understandable. ...
Unemployment is at its lowest since 1975, so why do people feel worse off? | Larry Elliott image
.... It is unprecedented for record levels of employment to coincide with the workforce getting poorer. One reason for the weakness of earnings growth is the ferocious squeeze on public sector pay, which – stripped of bonus payments – is rising at just 1. ...
UK wage growth lags inflation for first time since mid-2014 image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:33:02 AM
....Wage growth is lagging behind inflation for the first time since mid-2014, official figures show. Average weekly earnings excluding bonuses increased by 2. ...
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
....The bank was born out of the financial crisis, when Lloyds TSB rescued HBOS from the brink of collapse, and has since undergone an overhaul that has led to 57,000 job cuts and a dramatic scaling-back of its lending activities under António Horta-Osório, who joined in 2011. Horta-Osório– who has received almost £40m in cash and bonuses during his tenure – said: “Today the government has sold its last shares in Lloyds Banking Group, receiving more money than was originally invested. ...

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