Bonuses should be for extraordinary achievements. I doubt that anyone in the City deserves that/ Unless they think crashing the economy, fuelling inequalities, money laundering, tax dodging, frauds count as extraordinary.

Exactly It’s just the Ricoh often use the inflation excuse when it comes to rewarding the proles

In a sane world all the aspects you state should indeed be extraordinary suggesting they are rare and low level occurrences ! Unfortunately they are non extraordinary, par for the course run of the mill corruptions and deviances. UK Where the state is run by corporations and wealth.