The FT analysis makes grim reading for chancellor George Osborne ahead of his 19 March budget. Photograph: Getty Images. Put away the champagne.
LONDON (Reuters) - Part-nationalised Royal Bank of Scotland (RBS.L) said it had handed shares worth up to 18.25 million pounds to directors under a long term incentive plan, risking a political backlash.
Coastal towns damaged by storms and flooding will be able to bid for a share of a �64m regeneration fund, ministers have said. The Coastal Communities Fund was set up to pump government money into depressed coastal areas across the UK.
The 91,000 staff of the John Lewis Partnership will receive an annual bonus worth 15% of their salaries. The bonus is the equivalent to almost 8 weeks' pay, but the bonus rate is lower than last year's 17%.
They have long been a bastion of middle class kitchens but suffered a fall in popularity after the recession as their expensive fuel guzzling took its toil on squeezed household finances.