Monday, February 09, 2009

Bankers bonus time

Personally I find it outrageous that the banks which have just been bailed out by the government are proposing to pay almost £4 billion in bonuses to staff.

The fact that RBS which is forecast to make losses of around £28 billion is just taking liberties of the UK taxpayers.

If they want to pay billions of pounds out in bonuses why do the government which effectively owns them simply tell them they can't. If the government wants to give away money then surely it could do so through cutting income tax, raising pensions etc so that everyone benefits not just those that have got us into the mess in the first place.

I understand that some of these bonuses are for the staff working in the branches and that these people probably were not responsible for RBS, Northern Rock and Lloyds being brought to their knees but surely their bonus is that they have still got a job given that so many in the country are losing theirs.