I find this hard to believe but I guess its similar to having payroll taxes deducted. Still seems a bit over the top.
Trending Content - Investment Banking Forum
| +126 | Do people still want to go PE? | 38 | 3h |
| +103 | UBS Tech layoff | 48 | 44m |
| +90 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 22 | 56m |
| +40 | How do YOU manage networking requests? | 9 | 2h |
| +37 | Lazard hirevue | 11 | 2d |
| +36 | What Differentiates the Best Analysts as AI Improves? | 9 | 2d |
| +32 | MBB Pay Raises | 17 | 55m |
| +31 | Quitting After First 4 months | 10 | 1d |
| +30 | Cornell Club T10 Rankings (UPDATED 10/2026) | 19 | 2h |
| +30 | Are target prospects getting dumber? | 11 | 23h |
Career Resources
Typical,
government trying to micro manage people's lives and ensure that every cent that is owed to them is collected. Also, allows them to monitor and keep track of people's pay and makes it that much easier to withhold it when they want to. Think about in the next financial crisis, they could withhold banker's (or anyone else's) pay while they "legally sort out" whether they deserve it or not.
Hopefully, the logistics and costs will stop this from happening, but when has that ever stopped a government.....
this is definitely coming from the lib dem side of the coalition. bloody lib dems.
Will never go through.
Quod dolores laudantium ut error placeat. Dolorum veritatis reiciendis suscipit a. Reprehenderit qui consequuntur optio ad laborum dolorum voluptatem eveniet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...