UK Politics Thread 🇬🇧

[88m3]

Number of Britons Seeking Irish Citizenship Surges 1,200% Since Brexit: Report

The number of British people granted Irish citizenship has soared almost 1,200% since the UK voted to leave the European Union in 2016, the Irish Times said, citing government figures.

www.bloomberg.com

 

[Heimdall]

it's a joke. i think they are talking about the post 2008 pay restrictions and other regulations like clawbacks etc.

any excuse to remove them i guess.

yeah the article mentioned clawbacks, I missed that out

I kind of want to know how often directors actually had to return their pay/bonuses, though I suppose they would be internal matters

I did, however, find this paper:

Where a bonus is paid on the basis of performance which subsequently turns out to have been miscalculated, it can be clawed back: this happened recently when directors of Lloyds Bank were asked to return large parts of their bonuses as a result of the bank’s decision to pay compensation in excess of £3.2 billion to customers who were wrongly sold Payment Protection Insurance.

I imagine (pure guess here) that the other EU-influenced regulations are more at risk than clawback given that there has 'not been much opposition' but there probably isn't much (meaningful) opposition to getting rid of it ha

 

[null]

I kind of want to know how often directors actually had to return their pay/bonuses, though I suppose they would be internal matters

those clawbacks are for management and for trading functions to disincentivize near-term-results focused trading.

Credit Suisse traders complain of 34% bonus clawbacks

There's talk of rebellion in the senior sales and trading ranks.

www.efinancialcareers.com

Five banks are taking back traders' bonuses because of the Forex rigging scandal - CityAM

Five of Britain's biggest banks are preparing to take back millions of dollars worth of traders' bonuses, in an attempt to make reparations for their involvement in the Forex rigging scandal. According to the FT, the banks going ahead with the clawbacks are UBS, RBS, Citigroup, HSBC and...

www.cityam.com

i expect that the trading clawbacks will be more public because of the competition for talent and high levels of competitiveness and compensation level between different organizations. traders want to know what the total comp (calc) is in advance. no way could a bank clawing back a large sum from traders get away with that without it leaking out anyway.

 

[Heimdall]

those clawbacks are for management and for trading functions to disincentivize near-term-results focused trading.

Credit Suisse traders complain of 34% bonus clawbacks

There's talk of rebellion in the senior sales and trading ranks.

www.efinancialcareers.com

Five banks are taking back traders' bonuses because of the Forex rigging scandal - CityAM

Five of Britain's biggest banks are preparing to take back millions of dollars worth of traders' bonuses, in an attempt to make reparations for their involvement in the Forex rigging scandal. According to the FT, the banks going ahead with the clawbacks are UBS, RBS, Citigroup, HSBC and...

www.cityam.com

i expect that the trading clawbacks will be more public because of the competition for talent and high levels of competitiveness and compensation level between different organizations. traders want to know what the total comp (calc) is in advance. no way could a bank clawing back a large sum from traders get away with that without it leaking out anyway.

Thank you!

Taxes too?!

It is the first time clawbacks have taken place, since although the banks are allowed to take this step under European law, they chose to limit themselves to withholding unpaid bonuses in the wake of past scandals.

Interesting.




(As were some of the other articles linked on the City A.M. page)
6.5m Brits looking to leave job in next year as employers are urged not to treat pay rises as 'silver bullet' - I thought things had cooled down since we were 'past the pandemic' (

) but perhaps not. I really hope I don't miss this train

 

[jj23]

Chris Pincher: New claims emerge against former Tory MP

Six new claims of inappropriate behaviour from over a decade come after the former Tory MP was suspended.

www.bbc.co.uk

Never ending sleaze

 

[Sensitive Christian Grey]

Boris Johnson wants ‘multi-generational’ mortgages of up to 50 years

What a terrible fukking idea

 

[null]

Supermarkets put security tags on cheese, meat and BABY MILK

Shoppers took to social media to share pictures of security tags on £3.99 blocks of Aldi cheddar and £8 lamb chops in a nearby Co-op store in Wolverhampton because people are stealing them.

www.dailymail.co.uk

 

[null]

Boris Johnson wants ‘multi-generational’ mortgages of up to 50 years

What a terrible fukking idea

 

[jj23]

Sayed Javid resigned.

Boris is fukked now. It's over.

 

[null]

Sayed Javid resigned.

 

[Tribaligenesis]

Sayed Javid resigned.

Boris is fukked now. It's over.

We shall see, he's turning the party into the actual republican counterpart. Scary times....Welp Sunak resigned as well....now it's.over.

 

[jj23]

Rishi Sunak too!!!!!


Boris really is fukking gone this time

 

[Low End Derrick]

We shall see, he's turning the party into the actual republican counterpart. Scary times

 

[jj23]

I have waited a long time to see the back of Boris.

 

[Carl Tethers]