Will Bankers Give Businesses The Bonuses They Need?
To the naked eye, a double dip recesion was just something talked about by people in the finance world. But, as house prices fall again, it looks like it could be a reality check for not only homeowners, but small businesses too.
Many banks that were threatened by the government to rein in their behaviour or be punished, have not only fallen short of the promise but come no where close to hitting the mark.
Just this week, Credit Suisse has announced that it will be paying a special mid-year bonus to all of it’s hard working executives – a completely understanding gesture considering it now avoids the bonus tax set by Alistair Darling which expired in April 2010.
Much like most Professional Bankers, the system has been brushed under the carpet as they weave their way around it making Alistair Darling admit that he had got the bank tax completely wrong.
So, now that we have been drowned in the pit which was created by the banking industry, they are laughing all the way to their bonuses.
And whilst these “fat” cats eat cheese and drink port till the cows come home, the small businesses have to fight even harder to keep themselves above water.
Some things never change!
