Qualified advisers answering your
Financial Questions
call 0800 092 1245

Fury at return to Lloyds bank bonus culture

It has been revealed that Lloyds bank sanctioned bonuses totalling more than £4 million for four of its top bankers during the last financial year. This comes despite the fact that chief executive Eric Daniels agreed to waive his £2.3 million bonus last year which heralded very positive headlines for the company, which appeared to be adhering to the UK government's wishes of reduced bonus payments.

However, the company's report and accounts also show that not only were four of the companies top bankers paid more than £4 million last year but payments to the overall board increased by 75% to approaching £10 million. There is growing concern that the UK government appears to have lost control of the bonus culture returning to the UK banking sector at a time when UK taxpayers are still struggling and still have hundreds of billions of pounds invested in the industry. Why is it that the banking industry, more than any other in the UK, appears to have the power and the presence to ignore the intentions of the UK government and carry on as normal?

The UK banking industry was the first to collapse during the recession and it is by far and away the first to benefit from UK government funding and taxpayer investments. But when do we get our money back?

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