| Why are the Tories making the axing of the bankers bonus cap… on 12:02 - Sep 23 with 1131 views | bungaytractor |
| Why are the Tories making the axing of the bankers bonus cap… on 11:58 - Sep 23 by IpswichRising |
If you are sick of hearing it, don't listen or sick of reading it, don't read it, it is quite simple |
How do you know what it says unless you read it..... |  | |  |
| Why are the Tories making the axing of the bankers bonus cap… on 12:35 - Sep 23 with 1082 views | baxterbasics |
I'm not worried about bankers bonuses in theory, I mean it's either money for the bankers or extra profits for the bank and it's owners/shareholders. At least it's getting taxed again when they get it. Plus if (and it is an if) axing the cap genuinely prevents those earnings just going abroad, then fine.
What really matters is how the bonuses are calculated - if the criteria encourages reckless behaviour, that's when you encourage problems like 2009. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 12:42 - Sep 23 with 1059 views | itfcjoe |
It's just an absolute gift to the Labour party, these announcements mean they won't be able to mug people off with culture war rubbish, or claim to be levelling up, or Brexit - these are the terms that they have to try and get elected on now. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 12:45 - Sep 23 with 1037 views | Plums |
| Why are the Tories making the axing of the bankers bonus cap… on 11:52 - Sep 23 by brazil1982 |
What is the objection to Bankers' bonuses? Jealousy? |
I don't recall anybody clapping for them in 2020 |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 12:48 - Sep 23 with 1018 views | eireblue |
| Why are the Tories making the axing of the bankers bonus cap… on 11:52 - Sep 23 by brazil1982 |
What is the objection to Bankers' bonuses? Jealousy? |
Banking deregulation lead to at least 10 years of austerity, that didn’t much effect the bankers that caused it.
The 2007/8 crash wasn’t the first banking crisis in history.
What is the line about failing to learn from history? |  | | |
| Why are the Tories making the axing of the bankers bonus cap… on 12:56 - Sep 23 with 985 views | HARRY10 |
| Why are the Tories making the axing of the bankers bonus cap… on 11:33 - Sep 23 by BloomBlue |
The problem was the cap was never really a cap it was a limit of 200% ofba person's basic pay.
Before the cap traders/investment bankers were paid a small basic salary and then a large bonus based on their performance.
When the cap came in Banks simply gave those same people a massive increase in basic salary and paid a smaller bonus but they were still earning more than before the cap was introduced.
I think a lot of people think the cap meant bankers cannot earn more then X.
The irony is the people most upset about removing the cap are those same bankers as now banks will reduce their basic salary back to the small pre cap days. |
err, that's not quite what it is about ie the amount they earn
It was brought in to deal with the way they earn.
Up to 2008 their were huge incentives (bonuses) based on not much more than what loans were sold. So we saw, against the lone voice of G Brown) reckless lending. Which created the sun prime market in the US, inevitably creating a crash via the domino effect.
It should be borne in mind that George Osborne in 2005 castigated Brown for trying to keep the UK clear of such booms ans the Celtic economies. However, as markets are now global there was not much that could be done. | | | |
| Why are the Tories making the axing of the bankers bonus cap… on 13:03 - Sep 23 with 949 views | SuperKieranMcKenna |
I think they leaked the plan early to distract against the even more significant removal of the 45pc income tax rate.
It’s pure insanity when public service are collapsing. Furthermore with regards to the social care element - we need to be paying more for our retirement and healthcare giving the rapidly ageing population. I think that politicians need LTI pay like in financial services - the short term policy decisions based on the electoral cycle is killing not only standards of living, but the planet too. | | | |
| Why are the Tories making the axing of the bankers bonus cap… on 16:37 - Sep 23 with 824 views | StokieBlue |
What a disaster from Truss and her minions.
- GBPUSD @ 1.09
- Bond coupons up 50bp already so going to be more expensive to pay for all this
The words of former US Treasury Secretary Lawrence Summers:
“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market.
“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”
SB |  | | |
Login to get fewer ads
| Why are the Tories making the axing of the bankers bonus cap… on 16:40 - Sep 23 with 813 views | giant_stow |
| Why are the Tories making the axing of the bankers bonus cap… on 16:37 - Sep 23 by StokieBlue |
What a disaster from Truss and her minions.
- GBPUSD @ 1.09
- Bond coupons up 50bp already so going to be more expensive to pay for all this
The words of former US Treasury Secretary Lawrence Summers:
“It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market.
“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursuing the worst macroeconomic policies of any major country in a long time.”
SB |
Thats all incredibly worrying - the pound going mental in particular. How much more damage can these people do?! |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 17:05 - Sep 23 with 778 views | FrimleyBlue |
Why is wrong for the successful to make money?
I get people who don't earn much need help. But isn't that a different matter? Why shouldn't the successful be able to enjoy the money they've earned? |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 17:06 - Sep 23 with 782 views | noggin |
Yeah but Corbyn. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 17:12 - Sep 23 with 769 views | StokieBlue |
| Why are the Tories making the axing of the bankers bonus cap… on 17:05 - Sep 23 by FrimleyBlue |
Why is wrong for the successful to make money?
I get people who don't earn much need help. But isn't that a different matter? Why shouldn't the successful be able to enjoy the money they've earned? |
So to clarify, you think it's fine for anyone who earns over 155k to make money from this budget and for everyone else to lose money and to pay for them to make the extra money?
SB | | | |
| Why are the Tories making the axing of the bankers bonus cap… on 17:19 - Sep 23 with 761 views | reusersfreekicks |
| Why are the Tories making the axing of the bankers bonus cap… on 17:05 - Sep 23 by FrimleyBlue |
Why is wrong for the successful to make money?
I get people who don't earn much need help. But isn't that a different matter? Why shouldn't the successful be able to enjoy the money they've earned? |
Cos they screwed the economy through greed and had to be bailed out by normal people. |  | | |
| Why are the Tories making the axing of the bankers bonus cap… on 17:19 - Sep 23 with 754 views | FrimleyBlue |
| Why are the Tories making the axing of the bankers bonus cap… on 17:12 - Sep 23 by StokieBlue |
So to clarify, you think it's fine for anyone who earns over 155k to make money from this budget and for everyone else to lose money and to pay for them to make the extra money?
SB |
I'm just asking a question tbh.
If you've made a successful business. Why should you be penalised just because others haven't?
I agree more should be done elsewhere but don't get the above.. | |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 17:19 - Sep 23 with 760 views | FromReuserWithLove |
| Why are the Tories making the axing of the bankers bonus cap… on 17:05 - Sep 23 by FrimleyBlue |
Why is wrong for the successful to make money?
I get people who don't earn much need help. But isn't that a different matter? Why shouldn't the successful be able to enjoy the money they've earned? |
You're a fool and a part of the problem. Nobody is saying the 'successful' shouldn't make money, this is about enabling the rich to get richer whilst the poorest suffer - a typical Tory strategy. This isn't about envy or hard work or any of the other typical Tory tropes they and the media have the gullible classes believe, it's about class and greed. Pure and evil corruption which you have no place defending. |  | | |
| Why are the Tories making the axing of the bankers bonus cap… on 17:24 - Sep 23 with 750 views | MattinLondon |
| Why are the Tories making the axing of the bankers bonus cap… on 17:19 - Sep 23 by FrimleyBlue |
I'm just asking a question tbh.
If you've made a successful business. Why should you be penalised just because others haven't?
I agree more should be done elsewhere but don't get the above.. |
The pursuit of unregulated bonus was a contributing factor to the financial crash of 2008 - reckless behaviour, which ultimately caused hardship for a lot of people, because some wanted untapped bonuses.
Obviously some bankers (most obviously) have scruples but some didn’t. |  | | |
| Why are the Tories making the axing of the bankers bonus cap… on 17:25 - Sep 23 with 741 views | jaykay |
at least 3 on this thread would say how far to you want be to bend over as the government shafted them |  |
| forensic experts say footers and spruces fingerprints were not found at the scene after the weekends rows |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 17:31 - Sep 23 with 720 views | MattinLondon |
| Why are the Tories making the axing of the bankers bonus cap… on 17:25 - Sep 23 by jaykay |
at least 3 on this thread would say how far to you want be to bend over as the government shafted them |
I’m surprised that some seem to have forgotten about the 2008 crash. It wasn’t that long ago. | | | |
| Why are the Tories making the axing of the bankers bonus cap… on 18:13 - Sep 23 with 682 views | geg1992 |
I'm genuinely staggered that people seem to be ignoring all of this.
Like so many people don't seem to care.
GBP to USD at 1.09, absolutely mad.
We're really going backwards as a country. I'm not positive about the future at all and I'm not even 30 yet! Or perhaps I'm just over-reacting, who knows. Really not good for mental health seeing all of this though. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 18:26 - Sep 23 with 668 views | factual_blue |
Town fan and finance chappy Michael Spence donated £50k to truss's leadership campaing.
Trebles all round!
(as they say in Private Eye) |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 18:29 - Sep 23 with 665 views | BlueBadger |
| Why are the Tories making the axing of the bankers bonus cap… on 11:52 - Sep 23 by brazil1982 |
What is the objection to Bankers' bonuses? Jealousy? |
I bet that boot leather is proper tasty. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 18:29 - Sep 23 with 664 views | XYZ |
| Why are the Tories making the axing of the bankers bonus cap… on 17:19 - Sep 23 by FrimleyBlue |
I'm just asking a question tbh.
If you've made a successful business. Why should you be penalised just because others haven't?
I agree more should be done elsewhere but don't get the above.. |
If your income is £1m per year they've just given you a £42,500 tax break.
Meanwhile there's record numbers of foodbanks that are struggling with demand.
That's before the new style power bills arrive on the doorstep.
Talk about not reading the room. | | | |
| Why are the Tories making the axing of the bankers bonus cap… on 18:31 - Sep 23 with 663 views | factual_blue |
| Why are the Tories making the axing of the bankers bonus cap… on 17:05 - Sep 23 by FrimleyBlue |
Why is wrong for the successful to make money?
I get people who don't earn much need help. But isn't that a different matter? Why shouldn't the successful be able to enjoy the money they've earned? |
No performance-related reward system has ever been shown to work.
In fact people are more likely to indulge in sub-optimal behaviour (i.e. perform at work in such a way that benefits them rather than the organisation). | |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 19:11 - Sep 23 with 637 views | TractorWood |
| Why are the Tories making the axing of the bankers bonus cap… on 11:00 - Sep 23 by Kieran_Knows |
You've got to be seriously tapped if you vote conservatives in the next general election.
Bunch of crooks. |
I think, tragically, Britain knows exactly what they are voting for.
Tax cuts, self preservation and absolving of any collective responsibility beyond the perimeter of their rose bushes.
I also read a haunting sentence yesterday. The Tories are always in power but only sometimes in office. |  |
| |
| Why are the Tories making the axing of the bankers bonus cap… on 21:59 - Sep 23 with 570 views | ibbleobble |
| Why are the Tories making the axing of the bankers bonus cap… on 10:56 - Sep 23 by Plums |
There is far more here for the average person to complain about than there ever was during the poll tax days and yet we've been neutered by years of their propaganda and we're all just sucking it up.
Where's the fcking anger?
Or do we all just moan on social media instead? [Post edited 23 Sep 2022 10:57]
|
What’s an “average” person? From what I can see, lots of ‘average’ people will have benefitted enormously from some of this news ie: first time house buyers, those who own their own business, those working paying basic income tax as well as NI, IR35…
While they’re effectively undoing some previous bad Tory policy, there’s plenty that “average” people can point to as beneficial or be slightly relieved about.
In my view, bankers bonuses are the only real point of contention but even then I understand the logic to remain competitive with other countries. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
