Hain's charity plea to City firms City firms should donate two-thirds of their bonus pots to charity [or the Labour Party!] rather than giving employees six-figure bonuses.
Why should two thirds of city bonuses be given to charity when 40% is already 'given' to the treasury in income tax? The treasury is the biggest charity in the UK!
City bonuses reward exceptional levels of hard work, dedication and performance and are paid to those who deserve them rather than those who don't.