Royal Bank of Scotland (RBS) and Lloyds have both agreed to defer bonuses in return for an additional £40 billion of taxpayers' money as part of a deal with the Government that will break up two of Britain's biggest lenders.
In return for receiving billions of pounds more of taxpayers' money, the Treasury said, both banks will not pay cash bonuses for 2009 to any staff earning more than £39,000 a year while the board of each lender will defer bonuses due for this year until 2012.'
Read more...
£40 Billion more of your taxes so their bonus payments only get deferred. Wake up and smell the scam!!!
No comments:
Post a Comment
Thanks for your comment it is much appreciated.