Article JGMA Bonuses return close to pre-recession peak on back of UK economic recovery

Bonuses return close to pre-recession peak on back of UK economic recovery

by
Larry Elliott
from Economics | The Guardian on (#JGMA)

Office for National Statistics says payments rose by 2.7% in 2014-15 to 42.4bn, putting the total figure 0.1% below the record reached in 2007-08

Britain's economic recovery has helped bonuses return to within a whisker of their pre-recession peak, according to official data.

The Office for National Statistics said that salary top-ups rose by 2.7% in 2014-15 to 42.4bn, despite less generous payouts in the City.

Related: Britain's average pay rises, but so does unemployment

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