Business quote of the day: city bonuses

"While ordinary people suffer the longest wage squeeze in over a century, those at the top have seen bonuses rise by a stonking 4 per cent”.

"While ordinary people suffer the longest wage squeeze in over a century, those at the top have seen bonuses rise by a stonking 4 per cent”.
Frances O'Grady, the TUC general secretary, criticises figures that suggest a rise in City bonus and show that some bonuses have been deferred to avoid the top rate of tax.

City workers smile outside a London bank. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia