Internet Petition from 38 Degrees Against Bankers’ Bonuses

And I have had absolutely no problem signing it.

David, millions of people up and down the country are struggling to make ends meet. As energy, food and fuel prices continue to go through the roof, many of us will be forced to make the impossible choice between heating and eating this winter. [1]

But what’s one of the first things our new Prime Minister and Chancellor have decided to do? Increase bankers’ bonuses. [2] You can almost hear the champagne corks popping!

This is the wrong policy at the wrong time. Why should city bankers be first in line for help when millions of people around the country don’t know how they’ll keep the lights on over the coming months?

Tomorrow, our new Chancellor, Kwasi Kwarteng, may announce this during a mini-budget – but it’s not a done deal. If enough of us make some noise and tell them this shouldn’t be a priority during a cost of living crisis, then there’s still time for them to do the right thing and drop their plans.

So, David, will you tell the Government that they should be focusing on support for ordinary people around the country – not city bankers? Simply click the button below to add your name:

ADD MY NAME

Liz Truss and Kwasi Kwarteng seem to believe that if enough cash is stuffed in the pockets of city bankers, then this will ‘trickle down’ to the others. But it just doesn’t work like that. Ahead of a meeting with our PM on Tuesday, even President Biden said that he was “sick and tired of trickle-down economics. It has never worked.” [3]

These caps on bonuses were introduced to provide a more balanced economy – and to get away from a culture of bankers taking “excessive risks”. [4] If Liz Truss believes in ‘levelling up’ the whole of Britain, then she should prioritise places outside of the City of London and put ordinary people at the front of the queue for support.

Just months ago, former PM, Boris Johnson, floated the idea of increasing bankers’ bonuses. But after more than 96,000 of us took action, and after much public outcry, the plans were dropped. [5] We’ve shown that we can reflect public feeling and get the Government to scrap bad policies and we can do it again.

David, will you add your name to our petition calling on the Government to drop their plans to increase bankers’ bonuses?

ADD MY NAME

Thanks for all your do,

Tom, David, Robin and the 38 Degrees team

NOTES
[1] Sky News: Cost of living: Millions of people already behind with their household bills, new research suggests
[2] BBC News: Liz Truss defends plan to lift cap on bankers’ bonuses
[3] Twitter: President Biden
[4] The Guardian: What is the banker bonus cap and could scrapping it boost growth?
[5] 38 Degrees: Dear Chancellor: No banker bonuses while millions struggle

They’re also asking for donations. I can afford to do so, but some of you may wish to.

’38 Degrees wouldn’t exist without you, David.

38 Degrees has no big donors – we’re funded by ordinary people who care, like you. Regular donations mean that we can plan future campaigns, pay our workers a decent wage, and keep fighting for what we all believe in.

If you don’t already do so, will you consider setting up a regular donation of a fiver, tenner or whatever you can spare? Click here to donate securely:

CHIP IN WEEKLY

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