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U.K. Bonuses Rise to Near-Record Level; Bank Payouts Decline

U.K. bonus payments rose in the past year and are now just 0.1 percent below their peak before the financial crisis in 2008, according to new data from the statistics office. Surprisingly, the increase wasn?t driven by banking, which has been subject to almost non-stop attention since the financial crisis over the level of payouts. According to the Office for National Statistics, total U.K. bonus payments in the year through March amounted to 42.4 billion pounds ($66 billion), up 2.7 percent. Bonuses in the finance and insurance industry dropped 9.6 percent in the same period and remain well below their pre-downturn levels.

 

This article was published in Bloomberg, 26th August 2015

 

U.K. Bonuses Rise to Near-Record Level; Bank Payouts Decline, published in Bloomberg, 26th August 2015

 

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