Blog
Matthew Taylor
High end salaries have been back in the news recently. Yesterday there was the overwhelming endorsement by the Swiss – of all people – of a tough package to crack down on unmerited rewards at the top . This contrasts with two votes for the super-rich given by our own Government. First, Downing Street made it clear that it is very relaxed with RBS handing over £600 million in bonuses despite the bank being publicly owned and massively loss making. Second, ministers and the London Mayor have been venting their fury at EU proposals to limit any single banker’s bonus to the value of their – presumably generous - full year salary.