The average chief executive of Britain's four biggest banks earns more in two days than an ordinary worker earns in a year, a disparity that has been described as exposing how deeply unjust the economy has become. Last year, Barclays boss C.S. Venkatakrishnan received £15 million, including £12.7 million in bonuses.
Chancellor urged to restore bank surcharge
On Wednesday, Chancellor John Healey has an opportunity to address this, according to a commentary. The previous government cut the surcharge on bank profits from eight per cent to three per cent, a move described as handing financial giants a lucrative advantage. Restoring the surcharge could raise £2.25 billion annually, money needed for public services such as the NHS, police, schools and other public services.
The commentary argues that those who have grown rich beyond imagination should contribute more to the country that helped make their fortunes, noting that working families have shouldered the burden for too long. It concludes that the Budget must prove whose side Labour is really on.
Independent review announced in Henry Nowak case
Henry Nowak was 18 years old when a murderer took his life. The horror of his death was compounded by footage showing the dying teenager being handcuffed by police. Home Secretary Shabana Mahmood has announced an independent review into the case, a move described as welcome but long overdue.
Serious questions remain about what authorities knew of Henry's killer, whether warning signs were missed, and how police treated the teenager in his final moments. The commentary demands a full and honest answer, stating that the review must leave no stone unturned, however uncomfortable its findings. It notes that Henry's family have endured a devastating loss and a disappointing fight for justice, and they deserve answers, accountability and meaningful change.
Fan turns £4 bet into nearly £1 million
In a separate story, a football fan turned a £4 bet on the number of corners into almost £1 million. He plans to pay off his mortgage, buy a car, and watch more Aston Villa games. The commentary notes that for once, the bookies have been well and truly cornered.
