There is still deep-seated public anger against the banks three years on from the financial crisis caused by their greed and stupidity, and from which the taxpayer bailed them out.
A report commissioned by The City UK showed that 56% of the public felt it would be no bad thing for the UK economy if bankers carried out their threat to relocate, although the tax they pay on their earnings is appreciated. Continue reading
Bankers, arguably now less popular than paedophiles, continue to fill their boots while still being financially supported by, er, us.
This is to the tune of £5 billion a year in interest alone on the money shovelled at them, cash that covers pornographically high salaries and bonuses, such as the £7.7 million pay package for the chief executive of the Royal Bank of Scotland, Stephen Hester, a figure RBS chairman Sir Philip Hampton describes as “fair” Continue reading