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Royal Bank of Scotland doubles salary of bankers

In a move which is almost certain to cause serious problems for the UK government it has been revealed that Royal Bank of Scotland is to double the salary of many people in the bank who lost out when bonuses were reduced. This comes at a very difficult time for the UK government as we approach the next general election with banking bonuses and the banking industry as a whole still under the spotlight.

UK taxpayers have already seen national debt creep up to £1.3 trillion with the budget deficit unlikely to remain at less than £80 billion a year for at least the next four years. The fact that the banking industry has taken the lion's share of the taxpayer led bailout, while UK taxpayers continue to struggle, is certainly not going to cast the banking industry in a very good light.

The banking industry would appear to have very quickly returned to the boom times with banking bonuses in general increasing, salaries on the up and more positive news emitting from the sector. This comes against a background of economic difficulties for the UK in general and is causing significant friction between the general public and the banking industry.

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