Big Bonuses Are Back at UK Banks

As is common with EU rules, this rule had serious side effects. All that happened is that total pay stayed about the same, just that a greater fraction was salary.

Before, if times were tough, then the banks could significantly cut overall costs by cutting bonuses. With these rules their hands were tied - they still had to pay the higher salaries.

Seems only fair, there's a 37% increase in the number of three-day emergency food parcels distributed by food banks after all.

https://commonslibrary.parliament.uk/research-briefings/cbp-...

The UK is basically destroying itself at multiple levels. It's really sad to see. Would have been nice to have a balanced counter partner in the anglo world to the USA.