n 2014 the EU passed legislation that capped bankers’ bonuses at 100% of their pay or 200% with shareholder approval. Proponents of the cap say that it will reduce incentives for bankers to take excessive risk similar to what led to the 2008 financial crisis. Opponents say that any cap on banker’s pay will push up non-bonus pay and cause bank’s costs to rise.
Statistics are shown for this demographic
Constituency
City
Parish
Response rates from 22.7k Yorkshire and The Humber voters.
78% Yes |
22% No |
53% Yes |
13% No |
12% Yes, and lower the cap to 20% |
10% No, any worker should be rewarded based on their success |
8% Yes, and lower the cap to 50% |
|
5% Yes, and nationalise the banks |
Trend of support over time for each answer from 22.7k Yorkshire and The Humber voters.
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Trend of how important this issue is for 22.7k Yorkshire and The Humber voters.
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Unique answers from Yorkshire and The Humber voters whose views went beyond the provided options.
@979XN3F 1yr1Y
No, but require bankers to provide equity during financial crises
@4TTW7YZ4yrs4Y
Any worker should be rewarded according to success, but not with excessive amounts of money, that is unfair! And in my opinion , the brokers who were responsible for selling sub prime mortgages should pay back all if not some of the money they made, as it was the tax payer who had to bail the banks out. Banks should not rely on the tax payer to bail them out when they make risky and frankly stupid decisions. Any banker who profited from our losses should have been made to pay that money back!
@9P45BH89mos9MO
Bonuses for good performance but there has to be a point where they’re not realistic. Such as people getting bonus’ while the company recieves bailouts
@9NQM7WM9mos9MO
Yes, lower the bonus to only 20% of their overall pay. Why should they get more bonuses when a nurse who risks their life doesn’t. Unfair system.
@9N8P6NK10mos10MO
No, but only if the bank has not been bailed out and taken money from the public purse. Banks should not be paying out any bonuses if they have taken a bailout from the public purse and not paid it back in full.
@9N88T4810mos10MO
Should be abolished altogether. Why do you deserve a bonus for doing what you’ve already been paid fir
@9N84ZCV10mos10MO
Not as long as global competition incentivises talent to move out of the UK. This is a bigger problem than the UK alone can manage.
@9N54Z4D10mos10MO
Short term bonuses should face higher tax rates incentivising base pay and long term targets (5-10 years)
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