The European Union has provisionally agreed to cap bankers bonuses as part of a new financial rules package.
The agreement means that bonuses will be capped at a year’s salary, and provided shareholders agree that can rise to two year’s pay.
This of course has majorly pissed off the UK’s ruling conservative party who have well-known links to banks and the finance sector (over a quarter of Conservative MP’s have had jobs in banking and/or finance).
The provisionally agreed cap is yet to be finalised and the UK will fight the agreement and continue to support bankers multi-million bonuses when European finance ministers meet next week.
David Cameron and the Conservatives will eternally squeeze incomes for the majority, the everyday workers and fight for the wealthy so they can get wealthier at our expense and when things go wrong, we the majority will pay for it.
Don’t give the Conservatives the option, vote them out!