Bankers' bonuses have grown twice as fast as salaries since the 2008 crash

City of London banker bonuses increased at more than twice the rate of worker wages since the financial crash of 2008, according to a new study.

The TUC said its analysis showed that the average banker's bonus is worth nearly two-thirds of the average worker's salary in the UK.

Premiums in the finance and insurance sector are now worth, on average, around £20,000 a year - their highest level ever. high on record, the main labor organization said.

Average City premiums have doubled in cash terms in the period since the last bank crash - which is 2.6 times faster than the salary s have risen, according to analysis of government figures.

Under the current bonus cap, an employee's bonus can be no more than 100% of their annual salary - or 200% if there is shareholder approval.

But the plans unveiled by Liz Truss and her Chancellor Kwasi Kwarteng in the mini-budget will remove the cap on bonus payments.

General Secretary of the TUC, Frances O'Grady, said ministers were 'withholding wages from millions of key workers, while lining the pockets of the city's financiers'.

She said: 'There is no There's simply no justification for lifting the cap on bankers' bonuses - especially when nurses and teaching assistants have to use food banks to get by. pay rises for public sector work rather than trying to help the top '1%' of society.

"This means raising the minimum wage to £15 an hour as soon as possible, fund decent pay rises for all public sector workers and the introduction of fair pay deals for entire industries,” Ms O’Grady said.

The TUC leader added "The city is already a millionaire's playground. He doesn't need another helping hand from the Tories. Ministers should crack down on this greedy bonus culture by putting workers on government pay boards." companies and introducing maximum pay ratios is rising to keep pace with rapidly rising inflation and the cost of living crisis.

The new 'winter of discontent' comes amid deteriorating industrial relations and accusations by union officials according to which the government is doing little or nothing to help workers struggling with mounting bills.

Nurses and teachers are being asked to vote on whether to strike over the next few months, while that postal workers will organize numerous walkouts as the busy Christmas period approaches.