Commenting on Barclays’ end of year results published today (Tuesday), TUC General Secretary Frances O’Grady said:
“Most people will find it hard to understand why a bank which has seen a big drop in profits has decided to increase its bonus pool to a whopping £2.4bn.
“So while many at Barclays are today celebrating their bonus bonanza, hard-pressed families still experiencing the financial pain of the recession – a recession caused in part by the reckless actions of the banks – will be struggling to make sense of it all.”
NOTES TO EDITORS:
- The TUC is organising Fair Pay Fortnight from Monday 24 March to Sunday 6 April. It will be a series of events across England and Wales to raise awareness about falling living standards. www.fairpayfortnight.org
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk
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