ianrobo1

ah nothing like the free market to give you large drops in prices when the supplier cost has havled is it by 50 %? there again when all the companies act like a monopoly it is not a free market

all we can say is at some point the prices will stop declining and slowly recover, I can not believe it would be now, but more like in a year to 18 months time

Doctors in Ireland are a disgrace by the way. Paid 250k a year, well over double an NHS doctor. It's a problem we have because we've a two tier medical system so Government has to negotiate with doctors to get them to work in Public Healthcare as well as the Private. But I mean, all sectors of the Public Sector. People who are paid by the Government. You're naming the few who it's hard to ask pay cuts from. But the majority just work office jobs in various deartments and administration. On a side note. Police here in Ireland are vastly underpaid. It's a disgrace for the work they do. I am naming over 2 million people in the UK who do think does the jobs like cleaning hospitial for a pittance and other stuff

BTW CV do you count as the public sector doctors nurses paramedics police army etc.

hang your bonus whether contractual or not surely has to be dependent on performance I doubt any bank is performing well

isn't that ISA's ?

gotcha .. but that wasn't why i postd them so not really relevent the jobs I showed were at the company where ian worked as he said there was no justification for any job having them ..just thought he might want to take that up with his boss's :-) My understanding is that everyone at depot level with the company concerned has the opportunity to receive some kind of bonus, so Ian may have a case for discrimination. But then a number of their management were run through the mill of reapplying for their jobs before Christmas, and only the chosen few were retained, so at least the axe falls on the semi-fat cats, which probably suits some. well middle management certainly did suffer and depots are treated differently from ICS and it does not concern me but I believe the company should pay higher basic's as paying bonus's is cheaper

great counter argument .. not sure my debating skills are good enough to compete with you on that one :shock: I would argue borrowing £117BN as Brown is doing is a gamble ... yet you seem to want to blame it all on the banks ...... Darling does not know how to fix Brown's mistakes and thus it's wrong to try and pin it all on the banks the get real was to your load of bollocks about watching wall street and as for the borrowing I ask you once again would you have saved RBS or let it fail, there was no soverign fund stupid enough to take it on ? RBS let me remind you employs well over 100k people

If someone is a poor worker they get sacked mate, so yes there is a disincentive to fail. someone can be poor and yet still get a decent salray there is no disincentive to fail, bonus's (and lets just talk about the city) just encouraged more and more risk taking and gambling, it failed and yet we read that RBS may still give them out, well they were lucky the government could not afford for it to fail and BTW my best mate works for RBS and he agrees with me, his BU was profitable but Goodwin decided to gamble and it failed, but how much did he get ? £4m was it ?

Only if you subscribe to the doctrine that it's all the banks fault and everyone else is absolved of blame but what if his particular department made huge huge profits , met all it's targets etc etc ... why should he then not be entitled to a bonus .. I worked in Canary wharf for 5 years in an investment bank , these guys don't turn up work half an hour and then go home , they work 14 hour days or more under great stress and pressure .. day in day out .. the trouble you are having is you once watched Wall Street with Michael Douglas and can't differentiate between fact and fiction .. the real banking world is nothing like that get real you really think anyone is worth million pound bonuses for basically gambling on shares and as it appears our economy the city contribuites 10% of GDP but frankly if they all **** off tomorrow would we be any worse off without them ? what do they actually produce or contribute ? does any City worker think their job helps the rest of us out ? all smoke and mirroes

AWOL if someone is a poor worker or the company performs badly do their basic salaries drop ? of course not so the bonus is only a one way thing there is actually no disincentive to failure is there (is that what you are saying Ian ?) and no I am not jealous because my basic pay is more than higher enough to live without a bonus, those people I know who work in banks and had their bonuss cut this year get much lower than me

just because I work somewhere does not mean I agree with it but frankly CV compalins because his bonus has dropped, tough, he works in an industry that has caused us all massive harm we the tax payers had to give the banks £183bn in loans to stop them collapsing, we have had to buy out two, force another to merge will they learn the lesson **** will they

I see nothing wrong in performance related bonuses IF things are going well .... the banking sector is not unique in that regard ... Thing is , lets say you work in a department that has made £100m profit for the year and you've worked hard to help it achieve that .. the department next door makes a loss of say £100m .. should you be penalised for that other departments loss ? or should you get paid a bonus ?? as to his comment " it risks alienating ordinary people if it gave its traders and bosses "exorbitant" bonuses " I wonder what the ordinary people think about MP's expenses ... MP's are not really in any position to preach ...are they ? my company made 200m profit last year, I got no bounus's, I see no justification for them in any business at all, they do not encourage hard work but just greed, I would reckon the majority of the working population don;t get bonus's

no specfic tax on those obscene bonus's in the city and yes it is tarring everyone with the same brush, tough

Why not 100%? Nothing like 'incentivising' people.. go on then explain what good it has doone this, the reason we are in the mess is that the banks because of no regulation took greater and greater risks to get more and more bonuses I don;t get any bonuses at work and the levels they got it for pushing bits of money around and actually contributing nowt was and is obscene

don;t care Tony, they all took the piss, they all played the same games and they caused this mess. I don;t remember any banker ever coming out these past months and apologising, I don;t remeber an hedge fund manager doing that in the UK all banks are in trouble except it seems for HSBC and the industry as an whole should take the blame. The rationale behind bonuses was partly to blame and frankly a governemnt policy should be to tax all bounses at 80% ... not many now would **** off will they ...

no **** word removed of a banker should get any bonus's for the forseeable future the excuse for them before was it got the brightest of talents well how shit has that turned out to be ...

went to the Holte Pub today General on the e-mail competition and enjoyed it a lot,nice speckled Hen till it ran out !!!

CV, my Mrs would get 20% working for a private housing association rather than the council, the pension makes up that defecit

won;t a 10% cut also cause reduced tax revenues ? as for your usual public sector rant your right in these days everyoe has to take a cut but without teachers, the future is bleak

as I said CV that is applicable to all countries what happened today then ?

the Randy one is in the hall of fame

could that not be said the same of every country ?

nope but there again I am with the co-op who from what I knwo are not under the same strain £183bn is a massive number and is a scary one ... this was before the recession properly bit

well Peston's blog just shows how much trouble and how close the banks were to a disaster we lent them £183bn for over £270bn of assets already reduced .. so we had to intervene din't we ? and Obama saying he expects more banks collapse but bankers are being more honest now banks will never be trusted again