Tuesday 20 September 2022

‘A 7% pay rise for striking workers would put too much pressure on inflation’, insists government about to let bankers receive bonuses of more than double their salary


Liz Truss on bankers bonuses

Liz Truss has said she is happy to make the difficult decision to remove the cap on bankers’ bonuses, leading to a nationwide sigh of relief that she must have finally found a solution to the country’s inflation problem.

The new prime minister confirmed to reporters in New York that scrapping the cap on bankers’ bonuses is something she is willing to do if it is best for the economy, which comes as a huge relief to most workers struggling to pay their bills.

Voter Simon Williams told us “I distinctly remember this government saying that striking workers couldn’t get a decent pay rise in line with inflation because that would cause a ‘wage-inflation spiral’.

“But now they’re happy for bankers to get huge bonuses again, leading to potentially triple-digit wage growth in that industry, which I guess can only mean the wage-inflation spiral is no longer a concern?

“I genuinely thought they would start with something for those of us struggling at the other end of society, something on benefits, or helping the lowest earners pay less tax, but this is good too.

“Don’t get me wrong, I’m delighted she has started with the bankers. Everything is so expensive these days, fuel, gas, electricity, food. Everything. So if bankers getting back to the good old days of having massive bonuses means the rest of us can finally get a decent pay rise, then I see that as good news.

“I mean, we ARE going to get a nice big pay rise now, right?”

Thick Lizzy – get the new T-shirt here!

Previous post:

Next post: