Monday 7 November 2011

The Independent: "We are paid too much, bankers confess in St Paul's survey"

Link to The Independent

"As politicians shift ground on high earners, City workers admit public sector gets raw deal"

"A survey of 500 workers in City financial institutions, carried out for the Christian think-tank St Paul's Institute, found that 'a substantial number' believed they were overpaid compared with other professions – particularly frontline workers including teachers and, most of all, nurses.

"The results will fuel continuing bitterness towards the industry over its culpability for the financial crisis and its apparent failure to rein in huge salaries and bonuses . Last night The Sunday Times reported the publicly owned Royal Bank of Scotland is planning to pay its investment bankers about £500m in bonuses."

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