FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Could bankers use the human rights act to protect their remuneration?

While it seems that Alistair Darling has finally cracked the nut which is the UK banking industry's remuneration and bonus system, there are concerns this evening that the headlines of today are in effect worthless. A number of bankers up and down the UK are looking towards such protections as the human rights act amid concerns that the sector is being victimised and high earners are top of the government's hit list.



The human rights act has been used on numerous occasions in the past to protect private information from the public domain and many legal experts believe there is a case to answer with regards to the UK government's relentless pursuit of the sector. Victimisation, harassment and other such terms spring to mind when you consider the media witch-hunt which has followed the likes of Sir Fred Goodwin and other high-profile financial figures.



However, in reality Alistair Darling is well aware that promises made today regarding remuneration and bonuses are unlikely to be upheld in the short, medium and longer term but the need to be seen by voters to be doing "the right thing" ahead of an election is more important. Have the government and the financial sector come to a "cosy" agreement which will see short-term pain in the sector but medium to longer term gain? Are the dogs about to be called off?

Share this..

Related stories

Financial Guides

Financial Calculators

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



Latest News

Blogs

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
Continue