City bankers are on course to receive nearly £7bn in bonuses this spring even though the government has been forced to pump tens of billions into the banks to prevent them collapsing, according to The Guardian ..
Analysis of preliminary pay data from the Office for National Statistics shows that in the first three months of the bonus season to February the financial sector has shared out £5bn in bonuses, half the level of the same period last year. Extrapolating that to the full five months of the bonus season to April means payouts will be between £6.5bn and £7bn, compared with £13.7bn last year. Full story...
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