Qualified advisers answering your
Financial Questions
call 0800 092 1245

George Osborne speaks out regarding banking bonuses

Shadow chancellor George Osborne has today spoken out in relation to the expected flow of large banking bonuses this Christmas. While the message appears to be the same, the criteria for George Osborne's particular outcry is slightly different as he believes in the free market although suggests that those banks which received taxpayer assistance should be made to curb bonuses and remuneration packages.

The ongoing debate regarding bonuses and remuneration packages in the banking industry hit a new high this weekend with news that a £10 million package has allegedly been put forward by Royal Bank of Scotland to tempt two of the best names in the banking industry to the UK. This has prompted the argument as to whether Royal Bank of Scotland, despite being effectively majority-owned and supported by the UK taxpayer, should be paying out significant remuneration packages at this stage of the economic recovery.

Slowly but surely the UK government, regulators and indeed the British Bankers Association have seen their reputations damaged by the ongoing issue of remuneration and bonus packages which even at this stage is still out of control. The fact that the Financial Services Authority (FSA) has delayed introduction of new regulations until after the New Year has added further fuel to the fire.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details