'Banking bonuses should only be given to high performing senior exewtires

Banking bonus is the amount traditionally paid or awarded to some workers in the finance industry (encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises) at the end of the bank's financial year.. It is referred to as money paid in addition to a stated compensation.
In December 2009, the UK government announced in its pre-budget report its intention, during the first five months of 2010, to tax bonuses paid in this way by 50%. "Staff in banks who appropriate revenue in ludicrous bonuses which should otherwise go to strengthen the banks' capacity to resist write-offs, panics and bank-runs are in effect stealing from their customers, shareholders and the government," commented Will Hutton, executive vice-chair of The Work Foundation (formerly the Industrial Society), in The Guardian. The financial community "talk of the City being a national asset and a success story; of having to pay football star salaries of necessity; and that any insistence that the banks accept that they have obligations as well as rights to bailouts will be met by an exodus of talented staff to other countries," he said.[1]
Billions of pounds in bonuses are expected to be lavished on bankers this year on top of hefty salaries, underlining a widening gap between rich and poor in a country where many identified rising inequality as one factor behind riots that ravaged the capital and other British cities last year. [2]
British Prime Minister David Cameron has championed the rights of investors to veto executive pay, saying that it’s wrong for salaries of the top echelons “to keep going up and up and up”, even when they fail to deliver