Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Are they out of touch with Joe Public ?
MPs' 11% pay rise set to embarrass party leaders
Independent body will announce increase to £74,000 from 2015 despite opposition from Cameron and Miliband
Cameron has said that he want the cost of politics to fall.
Cameron has said that he want the cost of politics to fall. Photograph: Amer Ghazzal/Demotix/Corbis
David Cameron and Ed Miliband will face embarrassment this week when it is announced that MPs will be paid an annual salary of £74,000 from 2015 despite their calls for "cheaper politics".
The independent parliamentary standards authority, Ipsa, is to reveal its decision to increase salaries by 11% despite a lack of support from the prime minister and the leader of the Labour party. MPs' salaries will then go up annually in line with national wages.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
I cant see our esteemed mp getting his pay rise.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Elite say they are having a hard time .........the Establishment are so out of touch it`s frightening ....
Princess Michael of Kent: 'I am experiencing austerity too'
Princess Michael of Kent has explained how she has also cut back on extravagances as her family also experience austerity, never going out for dinner but getting in help when they cook at home
Princess Michael of Kent has said her family are also experiencing "austere times" and don't go out to dinner anymore.
The 68-year-old, who has previously been dubbed Princess Pushy, has just written her first novel, The Queen of Four Kingdoms.
And she insists her and her husband Prince Michael have cut back on extravagances, only getting in help when she hosts a dinner party.
"We've cut back dramatically" she told The Times.
"I mean we never go out to dinner unless we go to somebody's house. We never go to restaurants. That's too extravagant. We invite people here. I cook. Well, if I'm giving a dinner party I get in help."
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
are they subject to the benefits cap too?
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
the questions on the amount(cost)of royals will continue
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
they are not worth a light,make all of them work down the coal mines.on minimum wage.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
There are questions on how far you go with the royals, right down the 69th auntie lol
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Our right winger`s Bankers continue with their ``nasty`` habits...
Lloyds Banking Group fined record £28m in new mis-selling scandal
Pressure on staff to get 'a grand in your hand' or face demotion led to bonus-induced selling frenzy, FCA says
Up to 700,000 bank customers who bought share ISAs and illness or income protection products could be affected. Photograph: Andy Rain/EPA
Former and current directors of Lloyds Banking Group could face having their bonuses clawed back, after the bailed-out bank was hit with a record £28m fine for putting staff under intense pressure to sell products customers did not want - or face demotion and pay cuts.
The 33% taxpayer-owned bank now faces a bill of at least £100m to compensate up to 700,000 customers of Lloyds, Halifax and Bank of Scotland who bought £2bn-worth of products such as stocks-and-shares Isas and illness or income insurance cover, between January 2010 and March 2012 in a bonus-induced selling frenzy by staff. The scale of the fine - a record for the Financial Conduct Authority in such cases - and the potential bill for redress could result in bonuses for past and current directors being clawed back, including the chief executive, António Horta-Osório, who was at the helm for 12 months before the bonus schemes were stopped.
Among the revelations are:
• A sales adviser sold financial protection products to himself, his wife and a colleague in an attempt to avoid being demoted.
• A "grand in your hand" scheme for advisers at Halifax and Bank of Scotland made one-off payments of £1,000 for hitting sales targets.
• A "champagne bonus" was awarded to Lloyds TSB staff, worth 35% of their monthly salary, for meeting sales targets.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
'my bankers !!' yawn.....
I have just written an article about this for my website awaiting compliance approval.
It is scheduled to be uploaded Monday morning on this page:
http://regency-ifa.co.uk/news/Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
bankers
two more fined today
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
oi you two you have spelt bankers wrongly.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Both accepted fines without question
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Bankers enormous appetite of greed ........some good news....
Libor fines allocated to military charities
A total of £35m has now been distributed to armed forces charities
Bank fines go to good causes after rule change
Libor fines go to military charities
Banks fined $2.3bn over rate rigging
The latest tranche of money gathered from UK banks in Libor fines has been allocated to 24 military charities.
The £12m instalment will be used to fund projects including housing and mental health support schemes for military veterans.
It means a total of £35m has now been distributed to 96 charities from fines imposed on the banking industry for rigging the benchmark interest rate.
During the Autumn Statement a further £100m was made available.
Chancellor George Osborne said of the latest instalment: "It is right that money paid in fines by people who demonstrated the worst of the values in our society is now being used to help and support those who demonstrate the very best."
The biggest donation, of more than £2.5m, will go to Veterans First Point - a charity staffed by military veterans - to establish a number of mental health support centres in Scotland.
'Debt of gratitude'
Houses for Heroes Scotland has been awarded £1.9m to build low-rent houses for wounded forces personnel and their families.
Welsh charity Change Step will receive nearly £1m to develop and fund a support network for veterans for the next two years.
And homeless veterans in Wales will be provided with resettlement and employment opportunities by Alabare Christian Care, which was awarded £976, 269.
In Liverpool, AF&V Launchpad was awarded £907,632 to provide accommodation to veterans and help them secure work.
Elsewhere, Defence Medical Welfare Service will use nearly £900,000 to provide forces personnel across the UK with additional hospital welfare and psychosocial support.
The Royal Navy Service Family Accommodation will use £800,000 to fund upgrades to 15 play parks across Royal Navy estates and Combat Stress will use £575,268 to provide a 24-hour helpline for veterans.
During the Autumn Statement, the chancellor announced that a further £100m distribution of Libor fines would "reflect our society's debt of gratitude to our servicemen and women, and their families" and would be extended to those who "care for the work of our police, fire and ambulance services".
Full story The Times.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
I suppose out of the banks GREED
there has been some good to ex service persons
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Guest 671- Registered: 4 May 2008
- Posts: 2,095
The European Commission has fined eight banks - including RBS - a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates.
The Commissioner said "it was shocking that competing banks were in collusion".
UBS and Barclays stood to pay the largest fines of 2.5bn euros and 690m euros, but avoided paying anything because they assisted the investigation.
A number of banks were engaged in the rigging of interest rate products intended to reflect the cost of interbank lending in euros, while another group fixed prices for products based on the Japanese yen.
The rates are used to set the price of trillions of dollars of products, including mortgages.
Some were involved in both markets and more than one cartel, including RBS, which was fined a total of 391m euros (£325m).
"Shocking"
He states it was "illegal" so why is no one being charged?
Joaquin Almunia, the commission's vice-president in charge of competition policy, said: "What is shocking about the... scandals is not only the manipulation of benchmarks, which is being tackled by financial regulators worldwide, but also the collusion between banks who are supposed to be competing with each other.
"Healthy competition and transparency are crucial for financial markets to work properly, at the service of the real economy rather than the interests of a few."
The last paragraph say's it all, everything to is being done in the interest of the few and B---lls to the rest!!!!!!!!!!!!!!
http://www.bbc.co.uk/news/business-25215560
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
The banker finance the conservative party
So nobody going to the nick on this one
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
interesting that usb and barclays are let off as they assisted the investigation, hopefully they won't extend that privilege to drug traffickers and the like.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
those that knew of it
should be charged
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
not only bankers that are greedy,but bus operaters to.the stagecoach people are at it now.
http://www.mirror.co.uk/news/uk-news/kevin-maguire-bullying-stagecoach-bus-2931974Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Correct Brian......``They are all in it together``