Friday, 6 February 2009

No bonus for bankers

And so say all of us! (or nearly all of us). The fat cats who have got us into this mess, or who are partly responsible for it, and who have run their businesses into massive debt, should not be paid bonuses as if they achieved success. In fact they could well be using taxpayers money to pay themselves!

What of other bonuses? I have mentioned before that senior levels of the civil service routinely receive bonuses in addition to their pay. They receive these even if their department has been conspicuously poor, and we couod name quite a few without any difficulty! Shouldn't they be denied, especially those who should have monitored the economy better? Do the quangocrats get bonuses - "they never would be missed"!

And what of the expenses and pension additions which the MPs seem to award themselves every year - they're the last to suffer in recession!

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