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 Bankers cost each one of us £8.40 for every £1 they produce, 
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Joined: Thu Mar 31, 2011 6:31 pm
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Post Bankers cost each one of us £8.40 for every £1 they produce,
Rich bankers can today be exposed as a ­huge drain on society... ­costing the rest of us £8.40 for every £1 they produce.

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A study by think-tank the New Economics Foundation found the average banker destroys ­£42million a year in value while creating just £5million.

Meanwhile hospital cleaners on £6.26 an hour are worth £10 for every £1 they cost because they prevent superbugs, saving the economy a fortune.

The shock figures fly in the face of claims that bankers like Barclays boss Bob Diamond – paid £4.4million in 2010/11 – are worth vast ­bonuses because of their ­contribution to the economy.

Their drain on the country is caused by the cost of bailing out banks brought to their knees by the credit crunch and the ­devastating impact of the ­crisis their recklessness caused.

NEF found that tax ­accountants who help the rich cut their bill were even worse value, ­costing us £47 for every £1 they create.

Meanwhile low-paid public sector workers like nursery ­workers and bin men were found to more than earn their wages.

Helen Kersley from the NEF said: “We get a huge tax ­contribution from the City but it pales into insignificance next to the damage from the financial crisis in terms of unemployment, bailing out banks and leaving us with a massive public debt.”



Read more: http://www.mirror.co.uk/news/top-storie ... z1gGw6lIrO

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Mon Dec 12, 2011 12:35 am
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Joined: Sat Apr 09, 2011 4:40 pm
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Post Re: Bankers cost each one of us £8.40 for every £1 they prod
Ah, how bankers contribute to overall social capital! (Or not)

I love it!

Good find, Eggy.

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Tue Dec 13, 2011 2:04 am
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Joined: Tue Apr 26, 2011 8:42 pm
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Post Re: Bankers cost each one of us £8.40 for every £1 they prod
Bankers need to stop being Jewish.

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Tue Dec 13, 2011 9:29 am
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