Where Has Our Money Gone......
ChatterBank1 min ago
Taking the cap of Banker Bonuses allowing millionaires to bury their snouts deeper into the money trough.While more than a million childeren are living in poverty with parents unable to afford to feed them.The Joseph Rowntree Foundation found the 574,000 were supported by foodbanks last year .9
Good explanation here
"In a joint statement on Tuesday, the two regulators said the bonus cap had "unintended consequences" with firms ending up increasing bankers' fixed pay.
They added that when fixed or base pay accounted for the biggest share of remuneration, employers had less room to vary employee pay due to "material poor performance or misconduct".
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