More money, more bonuses

CEBR has forecast that the City bonus pool will rise to £6.8bn in 2010-11 after a 'bumper year' which has led to increased recruitment. The body predicted that bonuses will rise to £7.2bn in 2011-12 and £7.7bn in 2012-13. Due to the introduction of the 50% tax rate, CEBR calculated that financial workers will receive a total of £3.6bn this year, while the government will receive £4bn.