So Barclays results are not as good but their bonus pool is up.
The bank’s total bonus pool for 2013 rose by 10% to £2.38bn, from £2.17bn in 2012, with the investment bank’s bonus pool increasing by 13%.
The details come a day after Barclays released its full-year profit figures.
The bank’s statutory pre-tax profits for 2013 rose to £2.9bn, while adjusted pre-tax profits fell to £5.2bn.
Barclays said its profits were hit by restructuring the bank last year, including its withdrawal from certain lines of business, as well as legal costs.
Overall, the bank’s pay-to-income ratio rose to 43.2% from 40% in 2012, well above the bank’s mid-30s target.
BBC News Website 11 February 2014 Barclays to cut up to 12,000 jobs as aims to trim costs
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I have not seen a refutation of these points made by Richard Godwin (Evening Standard 3 April 2013 IDS benefits from the lies about welfare) so let’s assume he is on roughly the right lines and apply a little healing balm to the current toxic debate about shirkers and scroungers.
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So the public sector workforce does not like the idea of having to contribute more to their pensions.
So stop moaning, pay up and be grateful.