The Conservative Party

Brewster's millions said:
Regular pay growth was very strong across financial services during the couple of years after the crisis, due to regulatory change in relation to the structure of compensation.

So including this period could actually have a big influence on the results of the study, depending on which measure of pay they are using.
Click to expand...
Seriously? Your response to a disparity of wealth graph is to say it's distorted by the people who got us into the mess being paid more to fix the mess?

It fits. Only Tories can sort out the economic mess they've created, only Tories can sort out the asylum system they've broken, only Tories can clean up their own shit.
 
Vic said:
Seriously? Your response to a disparity of wealth graph is to say it's distorted by the people who got us into the mess being paid more to fix the mess?

It fits. Only Tories can sort out the economic mess they've created, only Tories can sort out the asylum system they've broken, only Tories can clean up their own shit.
Click to expand...

Sort of. There was a major change in the structure of compensation across banking, with salaries picking up and bonuses becoming less important. It was more the composition that changed rather than the overall level, but a measure of regular pay growth for financial services would look strong in the period after the crisis.

It was driven by regulatory change (a new limit on the maximum bonus allowed in relation to salaries), as well the cap the government placed on cash bonus payments at the state-owned banks (RBS mainly).
 
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