The thing about bonuses (£10 billion in the City & £22 billion across the economy as a whole in the first quarter of this year) is that, essentially & mainly, they share out the spoils from inflation is asset prices among the deluded gilded few who really believe they are adding value in this way.
Meanwhile inflation in the price of goods & services - the production or provision of which is how most of us earn our keep - is stamped on, so our incomes just stagnate too.
