Goldman Sachs has announced that there will be a £3.6billion pay and bonus pool for its bankers. That's not for a years work but for three months "work". The Daily Mail reports that 33,100 staff worldwide are on course to receive an annual pay package of around £430,000, a 33 per cent rise on last year. Many will get tens of millions, including some of the 5,500 employees in London. Why is it that the spivs who caused the bigest economic recession ever are still allowed to get away with this? Why aren't any of the main political parties proposing taking banks into public ownership?
Read more here.
About Me
- Linda Roy
- Lifetime commitment to the trade union and labour movement. Been local workplace and national CWU representative and held many other positions in the CWU. TUC accredited tutor and disability champion. Former Labour town councillor and town Mayor.
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