UK bailout scheme companies to be barred from paying bonuses and dividends
The BBC reports in this article that as part of a revamp of the COVID-19 bailout schemes aimed at the biggest businesses, companies are to be banned from paying bonuses to executives as well as paying out dividends.
ICAEW’s public sector team have already drawn attention to the social contract aspects of the bailout money being provided in their article Bailout money: five actions to recalibrate the social contract. This article focuses on five actions the government could take to ensure more equality in the rebuilding of the economy to establish an improved ‘new normal’ society.