Report - Rothschilds could pay early bonuses

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The Daily Mail reports that Rothschild is believed to be considering the move after Ed Balls promised to introduce a windfall tax on bankers’ bonuses in the first year of the next parliament if Labour comes to power.

The shadow chancellor has threatened to repeat the move – which Labour say will raise up to £2bn – the following year if bankers do not show more restraint on pay.

Rothschild would normally pay its staff their 2014 bonus in June.

But two people familiar with the bank’s thinking have revealed the bank is considering bringing the pay-out forward to before the next general election, according to the Financial Times.

To access the complete Daily Mail article hit the link below:

Rothschild investment bank 'may pay staff bonuses early this year to avoid windfall tax if Labour win election'

Banks' bonuses paid out since the start of the crisis likely to break £100bn barrier as bosses are in line for £5bn windfall

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