RBS Investment Bank Christmas Party

Fluffi

Besides Christmas parties are booked and paid for months in advance, usually at least June/July for small/medium companies and I would guess somewhere a large as RBS books their parties even earlier. Canceling the Christmas party would be a waste of money!

anna42hmr

Fluffi wrote: »

Besides Christmas parties are booked and paid for months in advance, usually at least June/July for small/medium companies and I would guess somewhere a large as RBS books their parties even earlier. Canceling the Christmas party would be a waste of money!

there was talk of the insurance ones in march/april this year and where they were going to be and how the new plans would be, and they already new what date it was and it was between 2 venues, the one i go (up until this year, as they are changing it slightly) catered for anywhere between 900-1300 people, and because their is a limited number of venues for these numbers, they have to be booked at least 6 months ahead, and more

besides why begruge staff the xmas party, as it is we are loosing this year as it is as weve been told its highly unlikely we will get the profit share in march (even though this was meant to be guarenteed) those of us who are also share holders through sharesave or profit share schemes, like other investors wont be paid dividends, etc, we are not all paid ridiculous amounts of money, so why begruge hard working staff a christmas party

if you want to complain about wasting tax payers money, why not complain about the school that was in the news for taking their teachers for a "teacher training" jaunt to spain! (and no it wasnt to see how spanish schools are run!) as was in the news recently

Mikeyorks

Sunny_Saver wrote: »

so I just wondered what people thought of taxpayers paying for a Christmas party for people who work in RBS's investment banking in general.

The point I was making, obviously too subtly, is that you don't know taxpayers are paying for it. Every Christmas party I've ever been to (private or public businesses) ...... the staff who attended paid the entire bill.

cashprincezac

NumbersGuy wrote: »

How sad to suggest hard working staff don't deserve a Christmas party.

And the taxpayer isn't paying for it, it will come out of company profits. The planned preference shares will pay a fixed dividend not a slice of profits so it wouldn't affect the government's return anyway, as the government has not sought warrants - in contrast to Buffet and the US government over there. (If you don't understand the difference between profits, cash flow and capital you might read some basic accounting texts to clear up your confusion here).

Well said Numbers Guy:beer:

fudgecat

I agree that ordinary staff should not be penalised by missing their Christmas Party, however I would point out that our Christmas Party ( I work for a school) has to be paid for by the staff, at a cost of between £20.00 and £30.00 a head. I have never gone to our Christmas Party because this is not within my budget. There are no bonuses or perks with being a teacher, other than extended holidays - a proportion of which is spent in marking and preparation for the coming term, including going into school. Do we know if the RBS Christmas Party is a freebee or is paid for by the staff?

opinions4u

fudgecat wrote: »

I agree that ordinary staff should not be penalised by missing their Christmas Party, however I would point out that our Christmas Party ( I work for a school) has to be paid for by the staff, at a cost of between £20.00 and £30.00 a head. I have never gone to our Christmas Party because this is not within my budget. There are no bonuses or perks with being a teacher, other than extended holidays - a proportion of which is spent in marking and preparation for the coming term, including going into school. Do we know if the RBS Christmas Party is a freebee or is paid for by the staff?

The inland revenue allows £150 per head to be paid towards staff functions as a tax free benefit.

That's for all workers.

If their employers choose not to take advantage of this, that's just one of those things.

A typical teacher will earn twice as much as a typical member of staff in a bank branch. And get twice the holidays. And work a 6 hour day.

It's the way it is.

I do think the "shock horror bank staff celebrate Christmas" story is extraordinarily mean spirited at a time when thousands of them are probably in fear of not having a job by the end of next year.

aleph_0

opinions4u wrote: »

A typical teacher will {snip} work a 6 hour day.

*sigh*. A typical teacher will certainly work more than a 6 hour day.

opinions4u

aleph_0 wrote: »

*sigh*. A typical teacher will certainly work more than a 6 hour day.

I know - only kidding

aleph_0

opinions4u wrote: »

I know - only kidding

Ah, my humour detector must be broken tonight, it seems like I'm replicating xkcd #386.

bjorn_again

I'm tempted to ask why they are having a Christmas party on the 27th November? Is this the end of their school term?