Bankers bonuses – even Conservative voters want a cap

Commenting on plans announced in Brussels that bankers’ bonuses are to be capped across Europe, TUC General Secretary Frances O’Grady said:


‘For all their tough talk on bonuses, the Prime Minister and the Mayor of London are today standing up for the cosy pre-crash arrangements in the City, when bankers pocketed billions of pounds of undeserved bonuses and reckless decisions brought us to the brink of financial ruin.


‘But ordinary people, who have been made to pay for the folly of bankers, have longer memories and will not tolerate a return to the pre-crash status quo.


‘The EU is absolutely right to push ahead with its bonus cap, and the UK government should start siding with the interests of the electorate and the wider economy, rather than the rich and powerful elite in the City.’


Unions21 polling has shown 67% of Conservative voting employees would support a move to cap bonuses at double base salary (72.8% of Labour voting employees).


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