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Consumers 'angry at banker bonuses' while they struggle with bank charges

There is a great deal of anger among members of the public who are struggling with bank charges as a result of the recession while bankers continue to receive high wage packets and fat bonuses.

That is according to the High Pay Commission, which also believes that the public is resentful of those executives at the top of the pay scale.

Zoe Gannon, head of research at the organisation, which inquires into the top level of pay in the private sector, said that there has been a massive increase in pay at the top over the past 30 years.

Speaking on the Guardian's Business podcast, she said: "I do think there is a lot of public anger about bankers' pay and pay at the top.

"If you get in a taxi in the City, taxi drivers will ask you if you are a banker and if you are a banker, they have an enormous go at you."

The High Pay Commission was established by Compass with support from the Joseph Rowntree Charitable Trust to measure monitor the gap between high and low pay and discover the reasons why this is growing.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-800598327-ADNFCR



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