From the TUC

Royal Bank of Scotland: it’s the rich wot gets the bonus, it’s the poor wot face the dole

28 May 2011, by in Working Life

Unite have protested about the decision, announced on Tuesday this week, to close the RBS office in Telford, and cut over 700 jobs there and in Plymouth, Leeds and so on.

This contrasts obscenely with the news announced in February that RBS was paying £950 million in bonuses to its top bankers. There really couldn’t be a clearer example of the inequality between the fairy-tale world of top bankers and the grim reality of life for people who work at the grass roots.

Just to save you the maths, that £950m bonus pot works out at over £1.3m per redundancy, so RBS’ top brass will get a bonus this year alone which is more than their “colleagues” now facing the dole will earn over their entire working lives. There is something fundamentally wrong in the world of RBS, and banking more generally.

Roll on a Robin Hood Tax to clip the wings of the greedy people who run our finance sector!

One Response to Royal Bank of Scotland: it’s the rich wot gets the bonus, it’s the poor wot face the dole

  1. Bill Kruse
    May 28th 2011, 11:57 pm

    Roll out a public-owned bank where profits go back to the community that makes them, not to greedy bankers.

    BB