HSBC bonuses at odds with failings on tax evasion, says TUC

23 February 2015

Commenting on today’s (Monday) announcement by HSBC on bonuses, TUC General Secretary Frances O’Grady said:

“It is hard to see why HSBC is paying bonuses at a time when their role in tax evasion and avoidance has become so controversial.

“Those at the top of the banks continue to believe they have some special entitlement to be paid huge amounts every year whatever they do, even when the value of average wages has fallen every year since the crash.”

NOTES TO EDITORS:

- The TUC is organising Fair Pay Fortnight 2015 between Monday 16 February and Sunday 1 March. The Fortnight is part of the TUC’s Britain Needs a Pay Rise campaign and will feature a series of events across England and Wales to raise awareness about low pay, pay inequality and the need for higher pay settlements in the public and private sector. For more information please visit www.fairpayfortnight.org

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews