Monday, June 22, 2009

bank robbers Versus family carers

And you thought the bankers bonus scam was all over when the government intervened !!

Royal Bank of Scotland is expected to approve a pay package worth up to £9.6m for its chief executive Stephen Hester. The package is made up of £1.2m in pay, up to £2m in non-cash bonuses and up to £6.4m in long-term incentives.

The remuneration deal was agreed on Friday by RBS chairman Sir Philip Hampton and its leading shareholders. One of the groups represented was UK Financial Investments, which manages the 70% stake in RBS held by taxpayers.

Yet elsewhere we read grandparents caring for their grandchildren and their own elderly parents are increasingly being caught in a poverty trap .A third of grandparents in the UK aged under-55 are struggling financially. There are 1.5 million grandparents under the age of 50

Grandparents Plus report "challenges the cosy image we have of the retired grandparent,"

The report, the Poor Relation?, describes an "invisible generation" caught between the demands of their children, their children's children and their own parents. In these four and five-generation families, single, working-class grandmothers in particular can find themselves in a cycle of living on a low income while acting as unpaid carers.
"They get no help with the challenge of combining work and care. As a result we see them taking low-paid, part-time work or dropping out of the labour market altogether"

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