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UK City bonuses reach record £19bn
^The high rewards on offer in the exclusive world of Britain's boardrooms and City dealing rooms were exposed yesterday by figures showing a jump of 16% in bonus payments this year to a record £19bn.
That is equivalent to the country's entire annual transport budget. The Office for National Statistics (ONS) released its annual estimate of the scale of bonuses showing they rose by £2.5bn this year, following a £1.5bn rise last year, meaning they have leapt by a quarter in two years...
...Financial services bonuses accounted for about £10bn of the overall figure, by far the largest chunk and equivalent to £25,000 for every City worker...
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[http://business.guardian.co.uk/story/0,,1851794,00.html|The UK Guardian Reports].^{content id=35}
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