George
Osborne's details of his new job with asset management firm Blac –
in addition to his parliamentary salary – will be £650,000 a year
for one day’s work a week. That, for the record, is an hourly rate
of more than £1,600, or about 200 times the sum proclaimed by
Osborne during his chancellorship as a “living wage”, at least
for ordinary mortals.
Royal
Bank of Scotland announced that after a year of distinctly mediocre
performance, including a loss of £7 billion, they are giving
their senior executives an annual bonus package worth £16 million at
current share values.
15
per cent of Britain’s workforce is now self-employed.
Half
of them earn less than £13,200 a year; and they experience levels of
absolute job insecurity and income variability, without sick pay,
parental leave, or unemployment benefit during lean times.
Chancellor
Phillip Hammond will increase from nine per cent to ten per cent in
April 2018, and to 11 per cent in April 2019 for self-employed people
earning more than £16,250 a year – a hike of two per cent over the
next two years.
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