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Fancy saving £250?

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By Socialist Appeal
Thursday, 15 January 2009
What costs £250 for every man, woman and child in the UK? Responding to an analysis of bonuses by the Office for National Statistics (ONS), which found that city bonuses have doubled in the last seven years to £28 billion in 2008, TUC General Secretary Brendan Barber said: 'These figures are simply staggering. Sixteen billion pounds of city and finance sector bonuses adds up to more than £250 for every man, woman and child in the country. 'Creating a new class of super-rich people, cut off from the rest of us, was wrong before the financial crisis. Now we can see that the fat cats were paid these huge amounts to construct a financial system so insecure, the tax-payer has had to find billions to bail it out. It now threatens to bring down the jobs and homes of ordinary people across the country. 'At the very least there must be a complete change in the pay structures of banks and financial institutions in return for all the help they are receiving.' Fat chance.

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