First we have the RBS bank, state owned, announce losses almost double what they were last year. So much for paying us back the bail out money !! However at same time it is paying out 78 million in bonus payments !! rewarding success I can understand....but surely this is rewarding failure. That 78 million should be used to help pay off its debt to he british people.
at same time we have
It seems public sector workers are being told there will be no pay increase for he third year running !! Now I know government are strapped for cash, and we all have to tighten our belts, but at a time when energy bills have risen considerably, petrol prices have gone up etc etc.....I does seem public sector workers are taking a real hammering on pay.
Its just the contrast betwen these two stories that caught my eye. One is the bankers, who have gambled away our money, and dispite being bailed out, by the government, coninue and actually increase here losses.....and yet pay bonus's to workers, whilst hard working public sectors workers, who are no way to blame for thsi crisis, have had a pay freeze impossed upon them for the third year. Is it any wonder they are unhappy !!
Awww, don't be so hard on the poor hard up bankers dean.
Their operating profit is up but the toxic Greek debt they hold has pulled overall profit into negativity.
It's not their fault, really.
well...bankers are in private sector !!
What I am actually trying to point out...is how one set of workers make a loss, double what they did last year, and yet pay out £78 million as a bonus !!!
Whilst other workers, who are in no way to blame for the current financial situation,...(the example shown was as it was in the news), have not had a pay rise for 3 years !!
I for one, do not think, this is right !!!
It is not as simple as saying the bank made a loss therefore nobody gets a bonus. RBS and Lloyds are both huge organisations with thousands of departments and countless thousands of employees.
Some departments will have made a crap load of money for their bank, why should they not be rewarded for doing what the bank desperately needs them to carry on doing. All the losses stem from the previous regimes ineptitude, fraud and hubris. Once again a massive thanks to Gordon Brown for letting them run riot unsupervised.
Bonuses are way down on what they were but the bottom line is if the taxpyer wants their money back they cannot handicap both Lloyds ( again thanks to Gordon Brown for ruining a perfectly good bank in Lloyds by forcing HBOS onto it) and RBS by making them totally different from all other banks.
As for the public sector workers?
They need to wake up and smell the coffee.
The thing is, there are hard working people in both public and private sector. I only used the link to the public sector workers, as that was in the news same day, that they were to experiance a thrid year of a pay freeze.
What i was trying to do, is contrast hard working people, in any sector, suffering hardship because of the times....with the Banks, who dispite being bailed out by the taxpayers, contunue and actually increase their losses, and yet still pay out bonus. Yes I know certain sectors of the business, may have indeed done better than others. But when a business is making such losses, and owes so much to the government, I still think it is wrong that a bonus should be paid to anyone.
oh yes there is a massive differance.
The money is not gambled away !!
we get services for our money. You may indeed feel this is not spent correctly sometimes. However you then have the right to vote that council out of office. Don't seem to re-call I have ever had the right to vote out the chief executive of RBS !!
Councils have had the money they recieve actually greatly reduced. One of the cost savings, to help with this, was to reduce the frequency of refuse collection to every two weeks. This was also to help with recyle targets they were all given. I myself have a fornightly colelction, and now used to it, find it no problem. It has, as intended, made me think about my refuse, and put more into recyle bin. May I add this action of fornightly collection, was agreed and implimented by councils of all political persuasion !!
Now some councils do over spend it is true. They then get next years budget allowance reduced and a penalty payment !! They do not get a bonus !!If they over run budget for three years in a 5 year period, they the government have a right to suspend the council, and put others in there to run the operation.
So no....councils and banks are not simular at all !!!!
Oh well,it was a joke....but our local Sainsburys and Tesco have a train line separating them and a station (closed) next to them both ... There is no reason why goods have to be transported long distances by road and few reasons why they need to travel short distances in large road destroying polluting resource hungry H.G.V's
