Category Archives: Bonuses

Tory MP forced to admit loss of bankers to EU is because of Brexit

A Tory MP, trying to defend Liz Truss lifting the cap on bankers’ bonuses by saying the UK needs to stop them defecting to the EU, was forced to admit that bankers are only going there because of Brexit.

It’s a huge foot-in-mouth moment because Truss is currently a huge Brexiteer (she used to be a Remainer but it seems she’ll support anything if she thinks it’s good for her career) and the decision to leave the EU is not to be questioned on any level.

And it is also true; lifting the bonus cap won’t keep bankers from going to the European Union if that is where their job takes them, due to political decisions.

Here’s Maximilien Robespierre:

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

https://www.crowdjustice.com/case/mike-sivier-libel-fight/


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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:

Have YOU donated to my crowdfunding appeal, raising funds to fight false libel claims by TV celebrities who should know better? These court cases cost a lot of money so every penny will help ensure that wealth doesn’t beat justice.

https://www.crowdjustice.com/case/mike-sivier-libel-fight/


Vox Political needs your help!
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And do share with your family and friends – so they don’t miss out!

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Buy Vox Political books so we can continue
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The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook