TUC condemns pay package of Antony Jenkins

Barclays BankThe TUC has condemned the £5.5m pay package received by Barclays Bank boss Antony Jenkins.

The bank, which reported a 21% fall in profits to £2.26bn in 2014, paid its chief executive £4.1m, plus a £1.1m bonus.

TUC general secretary Frances O’Grady said: “Profits have fallen at Barclay’s Bank and they have had to make huge provision for fines.

“The Chief Executive rightly recognises that the bank’s culture must change, but it is hard to have a positive view of any organisation that pays its boss £5.5 million in a single year – a sum that would take a full-time worker on the minimum wage 465 years to earn.”

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Tim Lezard

Campaigning journalist, editor of @Union_NewsUK, NUJ exec member; lover of cricket, football, cycling, theatre and dodgy punk bands

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