How does the government deal with the bank bonus issue?
Just how untouchable is the City? The explanation that the global recession was caused by a crisis in the banking industry has been oft-repeated by politicians over the last three years. It’s understandably attractive for them to do so. Not only is it a simple, plausible account of the cause of the problem but it also means that it’s neither their fault nor that of the general public. Consequently, bankers have had something of an image problem – and still…