EU Bankers Bonus Capped - UK?

Philippe Lamberts, the Belgian Green MEP urged the European commission to take the UK to court for allowing bankers to bend the EU rules which limit bonuses to 100% of salary or 200% if shareholders approve.

George Osborne was out voted by 26-1 against capping bonuses and Mr. Lamberts said  

"People like David Cameron and George Osborne are part of the same club. These are people who are really out of touch with reality. They are part of the same class, so I think it is natural for them to defend their interests."

 Barclays and the bailed-out Lloyds bank are expected to reveal they are handing their bosses Antony Jenkins and António Horta-Osório new share awards, on top of their salaries, to prevent their overall pay falling as a result of the cap.

HSBC will pay its chief executive, Stuart Gulliver, an additional £32k a week in allowances on top of his salary of £1.2m per annum with Virgin Money raising the salary of its boss, Jayne-Anne Gadhia, from £550,000 to £637,000.

The RBS is 81% owned by the taxpayer has paid out £567 million in bonuses despite making an £8bn loss and will announce its intention in the coming weeks.

These poor hard-done-to bankers and their government patrons (shareholders) tell us that if they don’t get their eye-watering bonus they will go abroad……… but where to?

Europe is capped, so the EU is out and that leaves a very small global target area for the big licks.

The question nobody has asked is: Who the b****y hell would employ this herd of pampered under achievers? Their track record in UK banking is dismal……. So, let them go and then the UK banks can then start making profits and the government can start paying the tax-payers the money back that they stole to bail these greedy, unscrupulous institutions out of the fertilizer.

It keep's being said that to keep the best chaps for the job, you need to pay these amounts of bonus's, but it's never been said, or asked, that if these are the best chaps for the jobs ,  then why are most of the banks still making heavy loss's

Also already the banks are working on still giving out these the massive bonus's but doing it some other way around, instead of how it's now being done.

Nothing will change because Cameron and co come from banking families, so the loyalties are where? 

It's very strange that UK is the first to stand to attention and salute when Brussels hoists the flag. UK is one of the few member states who comply with EU edicts to the letter - yet they are the only country who appear to be ignoring this particular rule and the only country that fought tooth and nail to reject capping. Odd - very odd!

Not odd at all Woodbug,  you have to understand that now the UK has the most, and best fiddlers of tax payers money in the country, bankers / politicians / doctors you name them, they do it,  everyone thought blair and co were bad enough, this new bunch are the best at what they do...Fiddle.

Blair would never have a bad word said about one particular bank, now he's a "Advisor" to this bank. Everything falls into place sooner or later.

If they did manage to stop, or even slow down the bankers bonus's, the bankers then would most likely start to delve into the government spendings, and they can,  then the jolly ole S**T really would hit the fan, you wont find anyone anywhere as vindictive as an English Banker who's about to lose a shilling. Main reason the government wont argue to much over the amounts.

I thought this was Eye on Spain?

Well spotted that man!