UK Gov't's plans for banking in the next 5 years

Also, http://uk.reuters.com/article/idUKTRE64J1VX20100520

Bankers / traders sacrifice everything to break into the industry and work fucking hard to earn the money they do. All these lazy, poor jealous fucks who are happy living the family life, earning shit money need to FUCK OFF! Seriously!

In hindsight, not going to work in England was the best decision I have ever made.

Thank god I left England years ago!

I need to get the fuck out of this country. Anybody hiring back home?

The mere fact that banking comes first reeks of populism.

I'm so glad I'm on the buyside.

I'm really questioning getting my Msc. in Finance in the UK now... especially with the Euro and Pound tanking.

Someone lock Vince Cable and all them socialist european bureaucrats up before they ruin the country.

This is ridiculous...don't these politicians understand that this will hurt the UK economy in the long run. The UK service sector, which is dominated by financial services (i.e. banking), makes up approximately 70% of the GDP. I can maybe understand the levy (tax) on the banks - this will just be passed on to customers - but the proposal to break off retail and investment banking arms?? And regulating bonuses will just cause bankers, or should I say the intellectual capital, to transfer to other countries.

Tbh I'd imagine they know that regulating bonuses is a non-starter, it's unworkable and probably illegal in any direct form. On the positive side if the Europeans institute a transaction tax it will push even more business into London.

I thought the Tories won..

proud to be a citizen of the Good Ol' U.S. of A. Sucks for the English bankers out there though.

I don't understand the logic in wanting to drown the financial system. The UK sold off a chunk of their industries to focus on the financial sector. Their GDP is going to get real ugly.

What's unacceptable about their bonuses? The fact that they are bigger than parliaments?

I'm starting a career in IBD in the UK and I must say that I was pretty shit scared when they started discussing all these measures a few months ago.. However, I don't think they will implement any of these things and if they do it will end up being diluted 100000x.