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February 24, 2010

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Kay Tie

There's nothing to say Patrick. Those who aren't illiterate in economics are horrified. But we are in a phony recession: the disease has been postponed by a sugar-rush of government spending. But there's no more money for sweets and the ugly horror is slowly becoming apparent. Trying to cure cancer with sweeties never works. If we don't take proper medicine soon, Britain's decline could be permanent.

In some ways I would welcome five more years of Gordon Brown. The system is so diseased it would be better to kill it - which surely Gordon Brown would - and then build a new, sane country from the ashes.

Patrick

Just in case anyone missed the last one.

http://www.guardian.co.uk/commentisfree/2009/aug/26/public-sector-pensions-shortfall

Patrick

Oh it's all gone quiet......

http://www.telegraph.co.uk/news/yourview/1579819/Do-public-sector-workers-deserve-pensions-guaranteed-by-the-taxpayer.html

Patrick

It's strange that public sector fat cats get above inflationary pay rises every year (not to mention bent pension schemes).

It's strange also that the Council tax bills rise above the inflationary rate every year.

It's not strange at all that my self-employed business gets the life squeezed out of it in the process.

On the Eighth day a civil servant was heared saying.......

'We the public sector who know and serve the land and God are blessed beyond blessing.'

Kay Tie

"neither does KayTie, she's just jumping to the defence of the extremely well off and overpaid"

No, you don't know that either. I have a friend in an IT section of a forex part of a bank. Helped deliver the project successfully on-time, but no bonus: "too sensitive."

Another example of politics making things worse. You know my philosophy Huw: people should be treated as individuals. The collective mindset if the Left would punish people collectively.

"they can be pretty sure that they won't get any bonus whatsoever, probably no pay raise either, cost of living or otherwise."

Given that the public finances are in deficit, there should be no bonuses for public sector workers. That's not what we see, though, is it? Funny how largely Labour-supporting government employees continue to get bonuses, don't you think?

HuwOS

dave KayTie is right, you have no idea whether the people getting the 1.3 billion in bonuses earned profits for their sections or not.
Of course, neither does KayTie, she's just jumping to the defence of the extremely well off and overpaid, a much maligned minority in her opinion as needful of protection, especially hers, as any abused child or oppressed person.
KayTie, you need to realise, that the majority people who live in what is generally referred to by most as the real world (come and visit some time), no matter how hard they work, if their company loses money whether the loss is counted in mere hundreds of thousands of pounds or millions of pounds they can be pretty sure that they won't get any bonus whatsoever, probably no pay raise either, cost of living or otherwise.
That is of course if they manage to avoid pay cuts or getting laid off.

Kay Tie

"are these the same staff that made losses of around 24 billion last year."

So all people are the same? Absolutely no-one worked extra hard, finished their projects, sold and met their targets?

dave

how can anyone be given a bonus when as said above rbs has losses of 3.6 billion.
the reason given was to retain good staff.
are these the same staff that made losses of around 24 billion last year.

am i missing something here.

as tony said THAT SUCKS

i hope you will speak of our disgust paul and help stop payment of these bonuses.

this money could help british industry suffering because of the banks.

i would have rathered the bad banks be allowed to collapse than bail them out.
if labour believes in free markets why wasnt this done?

the banks have been repossesing homes quick enough.whats good enough for us should be good enough for them.

Kay Tie

"Where does it say you get paid a bonus for making a LOSS?"

Because your work was good and you made a profit? Or are you so into collective punishment that no matter how good someone is, you must be punished for the failures of others?

HuwOS

Don't worry Tony, if the tories get in you'll have the chance to buy shares in it.

Tony

Royal Bank of Scotland (RBS), which is 84 per cent owned by the British taxpayer, will pay out £1.3 billion in bonuses to its investment bankers after reporting a £3.6 billion pre-tax loss for the past financial year.

- that SUCKS ! I don't care what the arguments are, this sends out ALL the wrong messages. Where does it say you get paid a bonus for making a LOSS? If the taxpayer had not bailed RBS out they would not have a bloody job - unlike the 2.8m who really don't

Perhaps this is what New LAbour means by equality - copme on get a grip !

Ad

From what you have said about him Paul, I think you have to respect an author like that. He seems to tie the foreign policy rubbish, lies and injustices into a pragmatic criticism. I mean to read him, but I understand clearly the summary of his arguments and his point of view.

Its good to hear experienced reporters having these views. It is unfortunately the case that there is a dominant narrative which originates with NATO and the participating governments. This is simply reported on by the news media. There is a great deal of difference between what is true and what is the ‘news’.

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