Month: March 2014

Lloyds profits are good news for taxpayers and chancellor too

There now looks to be a more than even chance that we taxpayers will get back the money we pumped into Lloyds to prevent it going bust after the disastrous takeover of HBOS in 2008-9.

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What is a banker worth?

How much is a banker worth?  The question arises as top earners squeal over European Commission proposals to close the growing gap between the amount paid to chiefs and workers.  Reporting on the draft plan which would give shareholders the right to vote down the ratio between board pay and average full time worker,  the Financial Times estimated that executives in the big banks are paid in excess of 100 times more than the average worker on their pay roll.  

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