15/09/2022

Govt 'Detached From Reality' With Bank Bonuses Plan

The UK government has been accused of being 'detached from reality' following reports that they are seeking to remove the cap on bonuses for big bankers.

Sinn Féin economy spokesperson, Caoimhe Archibald, has said struggling workers, families and businesses need support now with the cost-of-living emergency.

Caoimhe Archibald said: "Reports that the Tories are seeking to remove the cap on banker bonuses demonstrates once again that they are detached from the reality of the cost-of-living emergency facing ordinary people.

"Recent months have seen Tory ministers lambasting workers and introducing laws to undermine workers' rights and the right to strike, while making bizarre claims that modest pay rises will deal with soaring costs and inflation.

"However, the same caution does not exist when it comes to top bankers, whose salaries are already through the roof.

"Ordinary workers and families are already facing the impossible choice between heating their homes and putting food on the table this winter.

"The British government needs to focus on real support for workers, families and businesses who are most impacted by rising costs and they need to cut people's bills by slashing the eye-watering profits of energy giants through a Windfall Tax.

"We need an Executive formed immediately so we can work together to tackle the cost-of-living emergency and put money into people's pockets now. The DUP should end the boycott."


Related Northern Ireland News Stories
Click here for the latest headlines.

27 November 2024
New Plan Aims To Tackle Substance Use In NI
Health Minister Mike Nesbitt has launched a new strategic plan to improve substance use services across Northern Ireland. The Substance Use Strategic Commissioning and Implementation Plan 2024-2028 outlines a four-year strategy to reform and recommission these vital services.
22 November 2024
SDLP Calls For Action On Food Bank Crisis
The SDLP has called on the Communities Minister, Gordon Lyons, to outline how he intends to tackle food bank reliance across Northern Ireland.
23 November 2010
NI House Prices Hit 'Five Year Low'
The average house price in Northern Ireland has fallen below £150,000 for the first time in nearly five years, according to University of Ulster research.
30 November 2005
NI is UK hot spot for house price rises
Northern Ireland is the UK’s regional hotspot for house price rises, according to a survey out today. The cost of homes is rising at a whopping 20% a year according to the latest University of Ulster Quarterly House Price Index produced in partnership with Bank of Ireland and supported by the Northern Ireland Housing Executive.
03 September 2001
Housing market recovers following early 2001 setback
The Quarterly House Price Index survey by the University of Ulster and the Royal Institution of Charter Surveyors (RICS) has revealed that Northern Ireland's housing market is making a good recovery after a setback earlier this year.