Bankers’ bonuses restored while your pay plummets. Did the mass media even report this?
Have you seen this on the mainstream news… anywhere?
It seems the Tory government has taken advantage of its new Brexit-given freedoms to lift a cap on bankers’ bonuses.
It’s being touted as part of a drive to return the UK to economic growth – but in reality it is nothing of the sort.
Bankers are paid a fortune already and don’t need the cash. Therefore they won’t spend it into the economy – they’ll stash it away somewhere and it won’t do anything to restore economic growth.
Also, the Bank of England has been advocating pay restraint for the rest of us – in the face of double-figure inflation – because it says pay rises in line with inflation will cause even more inflation.
Do you get the impression these people are talking out of their collective rear ends?
If a government wants to get its economy going, it has to pay money to the poorest people in the country – because they need it, and they’ll spend it. The cash will go through more hands, if it starts at the lowest level, before being taxed out of the system – and this means it will create the greatest boost to the economy, adding value with every exchange.
What’s happening here will harm the UK economy. See if I’m wrong.
Here’s the clip that inspired this article:
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I shouldn’t watch this … I knew it … fuming 😡. They are blatant in their greed and corruption and they get away with it time and time again.
‘Economic growth?’ Another fascist tory lie because removing caps on greedy bankers will ensure one thing only the greedy bankers will see their huge fortunes increase dramatically and the rest of little england will be so impoverished it will be a miracle if any impoverished woman,child or man survives this winter!
‘Economic growth?’ No just the greedy cruel and callous fascist tories enriching their greedy corporate company friends!