£40 Billion pay out!

£40 Billion pay out!

As our members hear their employer is not going to pay out any nationally agreed pay award this year, they see this!

http://www.guardian.co.uk/business/2010/jan/08/bonus-time-city-banks

Incredible….but perhaps not and it gets better

http://www.guardian.co.uk/business/2009/oct/21/executive-pay-bonuses-goldmansachs

We the Public… must learn to ‘tolerate’ bankers bonuses according to Conservative peer Lord Griffiths.

Small comfort to those families where redundancy letters are dropping through the letter box!

Remember October last year a politician said “we’re all in this together”

We must tighten our belts, accept pay freezes whilst those in the city thumb their noses and award themselves bonuses….it just makes me…..