Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges news: Government to reign in bonuses

People who have been hit with excessive bank charges in the past have learned that the UK government is planning to reign in the bonuses received by fat cat bankers.

Prime minister David Cameron revealed yesterday (January 19th) that banks that are part-owned by the state as a result of bail-out efforts would be limited in the amount of perks they can offer to their senior staff.

Mr Cameron stated that cash bonuses at the Royal Bank of Scotland and Lloyds Banking Group would be restricted to £2,000.

This move comes shortly before bonus payments for 2011 are set to be announced and many fed-up taxpayers will be watching closely to see how much bankers receive.

"If there is a bonus [at RBS] it will be a lot less than it was last year," the prime minister insisted.

In his New Year address earlier this month, Mr Cameron pledged to curb the excessive bonus culture that has caused so much resentment towards the financial services sector.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801270002-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide