FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK Government urges banks to curb bonuses

At a time when the UK government is looking to slash the public-sector budget there have been further concerns regarding banking bonuses in the short to medium term. There's no doubt that the banking arena has lost the trust of UK consumers and UK businesses because of the startling turnaround in business activity, profitability and bonuses as result of significant taxpayer investment.

With many UK taxpayers still struggling to make their budgets stretch, it seems that the banking sector is making money out of the desperation and the hardship of others. This latest call by the UK government is just one of many we have seen over the last two years which have to all intense and purposes been ignored. Whether this time we see the banking arena wake up and "smell the coffee" remains to be seen but with UK businesses failing on a daily basis there is a need to get everything in perspective.

It is hoped that the historic link between the Conservative party and the UK banking arena can be used to more advantage than the situation with the previous government, although ultimately this is business and profitability and potential for the future will dictate any changes.

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