Some senior City workers hoping to see bonuses soar as the upturn in hiring in the Square Mile gathers pace may be in for a disappointment, say recruiters, reports the Financial Times.
Astbury Marsden said managing directors – the level just below the board – expected bonuses to increase 44 per cent on average in the new year round, in spite of pressure from shareholders and the public to scale back payouts.
‘Ring-fencing’ of banks poised to start within weeks of Lords vote
The most sweeping reforms to banking in more than a generation face their final hurdle in the House of Lords tonight amid criticism that they could spell the end for “free” retail banking, reports The Independent.
The Banking Reform Bill is back in the Lords after an opposition amendment calling for licensing of bankers was defeated in the House of Commons after the Government brought forward its own version.
Pensioners face care bill of £150,000
Pensioners could have to spend £150,000 on care in old age before the Government foots the bill, figures show, reports The Telegraph.
The sum is more than double the £72,000 cap ministers have promised to set on care costs for the elderly.
Music worth billions to British economy
From the Beatles to Adele, British music has long been one of the country’s most notable exports. However, our most famous musicians have also had to rub shoulders with stand-up comedians, stage actors, art galleries and even circus performers when it comes to measuring economic impact, as statisticians have lumped all the creative industries under the same banner, reports The Times.
