UK banks issuing bonus

[BenjaminGlover]

UK banks are scheduled to pay out the largest ever bonuses totaling £4 billion, despite the fact that we are facing the most severe squeeze since 1990.

According to sources, British bankers will begin receiving the largest bonuses since before the 2008 global financial crisis this week, as their companies compete in an "increasingly heated struggle for talent." According to Refinitiv research, London's mergers and acquisitions (M&A) bankers would earn a total fee of $3.5 billion (£2.6 billion) in 2021. Bonuses of more than £4 billion are likely to be paid out by HSBC, Barclays, Lloyds Banking Group, and NatWest.

What are your opinions on the matter?

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[franky1]

another way to word it.
28million households get an average of £76.30 each home in saver interest
1million bank workers in the entire banking sector. are getting £4,000 bonus average each

but that £4bill.. thats only a small % point of how many billions they are custodians of
UK banks hold ~ 2,136,428,000,000 in UK 'savers' accounts (£2.1trillion)
even if 28mill savers only got 0.1% (£2.1bill)
even if 1m bank employees are getting a 0.2% (£4b)

0.1 or 0.2 is small amount considering the vastness of whats held

however. in more significant news
UK electric/energy companies are raising the price of peoples electric bills by many many % points.. upto 30% rate hike in many cases. forcing UK government to shell out billions in funds to compensate people (council tax discount and stuff)
£200 compensation/discount for 28m households = £5,600,000,000 (£5.6bill)

even though energy companies made mega profit last year.
..
in short. businesses profit even if they are hurting their customers. all because businesses know governments will compensate

..
government should ban banker bonuses and claw back that £4b profit as a repayment to gov for the bailout. then the gov can then pay that £4b to households(£142each) thanks to the banks. which can help cover the energy price hike without using tax treasury money from citizens

[LFC_Bitcoin]

It doesn’t surprise me to be honest OP. Bankers & people in power have been screwing the little people & looking after their own interests as long as records go back. I don’t trust banks at all, look what’s happening in Canada, this is why we BTC.

[so98nn]

This amount of money is still recoverable by UK with its UK Trade and Investment sectors who deals with international businesses and how to get their money deposited into the UK accounts. The fact that UK is also one of the best trade centre since long time, its gonna have proportionate amount of money in the taxation.

UK is very hard on the Tax system. They incur highest amount of Tax, that is 20%, 30% and 45% and in addition to this they also get National Insurance Collection of 12% on top of this.

Just imagine the amount of money being pulled out in the reserves. Moreover UK also benefit from less populated demography so its not really surprising they are giving away the stimulus one more time.

[DapanasFruit]

..government should ban banker bonuses and claw back that £4b profit as a repayment to gov for the bailout. then the gov can then pay that £4b to households(£142each) thanks to the banks. which can help cover the energy price hike without using tax treasury money from citizens

Yeah, I agree with that. The government should never make its business to bail out those business who are not doing their best to compete in the global market...because we have to remember that the money of the government is coming from the people or from printing more fiat money. Unfortunately, common sense has left our institutions decades ago and now we are reaping the fruits of non-sense ideas being acted upon. Bankers must realize the impact of what they are doing the general economy.