Gordon Brown seeking to reclaim banking bonuses
In a rather desperate attempt to get back into the good books of the UK population, Gordon Brown has revealed that he is looking at the possibility of claiming back past banking bonuses where "success has not been achieved". Quite how the degree of success can be measured and how directors can be forced to repay legally binding bonuses remains to be seen. There is also the subject of taxation, totalling billions of pounds, which the UK Treasury has already taken from many banking bonuses over the years.
In the real world this is a non-starter but in a desperate attempt to try and curry favour with the UK population it appears that the UK government would rather give the impression of looking at any avenue. There have even been concerns that blocking bonuses in the future for bank employees could actually infringe on their human rights, a set of rights which was introduced by the Labour government.
After a very impressive period, when Gordon Brown appeared to be in control of the various rescue packages and stimulus packages for the UK economy, the last couple of months have seen the whole situation fall apart. While he has stayed strong despite the criticism and calls for him to go, Gordon Brown is under the most intense pressure that he has witnessed since he took office.
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