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Evening Standard

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Cal Byrne

DARK SECRETS: Talking point what do you think about soaring pay for bankers - The Real Truth

Banks in Canary Wharf (Ian West/PA)
(Picture: PA Archive)

The news that bankers’ bonuses are going up again while real wages in the wider economy remain stagnant or are falling due to the cost of living crisis, is hardly going to be surprising for anyone who can cast their mind back to 2008.

Average pay in the finance and business services sectors jumped 8.1% in the final quarter of 2021, according to the latest ONS data, compared with just 2.6% in public sector professions and 2.4% in the construction and manufacturing sectors.

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