‘A 10% 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

author avatar by 9 months ago

The government has said it is happy to take the difficult decision to remove the cap on bankers’ bonuses, leading to a nationwide sigh of relief that they must have finally found a solution to the country’s wage inflation problem.

The prime minister confirmed to reporters that scrapping the cap on bankers’ bonuses is something he 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 particular industry, which I guess can only mean the wage-inflation spiral is no longer a concern?

“I genuinely thought that as inflation started to drift downwards again 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 I suppose letting bankers have uncapped bonuses is good too.

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“Don’t get me wrong, I’m delighted Rishi is helping 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?”

Rishi Sunak – Twatspotting #2 – see the full range here!

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