Britons face rising price pain

By Reuters Staff
February 15, 2011

Fiona Shaikh is Reuters’ Economic Correspondent, based in London. —

BRITAIN/Stubbornly high inflation has proved something of an inconvenience for the Bank of England over the last year, but the unrelenting rise in prices is turning out to be a real headache for ordinary Britons — one which is likely to get worse before it gets any better.

Is Barclays paying its bankers too much?

February 16, 2010

A Barclays sign is seen outside a branch of Barclays bank, in central London in this file picture. REUTERS/Toby Melville  

Barclays top-two — Chief Executive John Varley and President Bob Diamond — declined their 2009 bonus for the second year in a row, although the bank is paying the 23,000 staff at its investment bank £191,000 per head on average. The bank had a record year, but said all bonuses to its Executive Committee would be deferred, as it reacts to widespread criticism on bankers’ pay.

Who do you blame for the credit crisis?

June 30, 2009

Bankers, politicians and regulators have taken their share of the blame for the credit crisis.

Is RBS chief Stephen Hester worth £9.6m?

June 22, 2009

As chief executive for a company that is 70 percent owned by the government, a 9.6 million pounds pay package is quite a tidy sum.

Sir Fred Goodwin’s pension climbdown

June 18, 2009

Former Royal Bank of Scotland chief Sir Fred Goodwin has agreed to more than halve his widely criticised 703,000-pound pension award.

Could Goodwin learn from Profumo?

March 17, 2009

Treasury Minister Paul Myners was fulminating against Sir Fred Goodwin’s 700,000-pound pension in parliament this week when he made an intriguing suggestion.

Can you train a teacher in six months?

March 10, 2009

As the recession closes one door for bankers, another quickly opens.

The government’s latest educational wheeze is to allow teachers to qualify in just six months, half the current one-year time period.

What should be done about ex-RBS chief’s pension pot?

February 26, 2009

Former Royal Bank of Scotland Chief Executive Fred Goodwin is not having a good year.

from Global Investing:

On Bankers and Busing

February 9, 2009

Bankers are having a rough time of it lately.  It is not just that their companies are collapsing beneath them and their bonuses are the subject of global hate and derision. They also have to put up with the barbs of journalists (who are very familiar with being at the bottom of the popularity pile).