Bankers told: join the real world on pay. The Guardian reports: The government ratcheted up the pressure on bankers after a succession of ministers accused the City of lining its pockets by planning to pay more than 5,000 executives bonuses worth over £1m.
As tensions escalated between the banks and Whitehall, ministers condemned the industry for paying huge bonuses at a time when the economy was still in recession and the taxpayer had committed more than £100bn to prevent banks from collapsing.
Maybe the revolution was a mistake. Just saying.