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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Banks may just defer such bonuses until next tax year when this "one off" measure presumably lapses or new Govt takes place...
By then, there may be a chance to link bonus to success in the future? I guess that's the hope - introduce deferred bonuses linked to some degree of success.
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