Bakers, Britishness & China

Senior bankers are paid too much but nothing can be done to reduce their pay. London Business Survey LondonlovesBusiness.com and ComRes interviewed 203 London business leaders about local economic Issues. Agree 25% Here are the results! Senior bankers are paid too much and something should be reduce their pay Disagree 65% 6NAgre s Dagree Don't know 10% N Den't knew Senior Bankers are paid too little Senior Bankers are paid about right Agree: 2% Disagree: 87% Don't know: 11% 21% 20% Agree Disagree Don't know The government should regulate senior executives pay irrespective of the banks ownership 8% Don't know 26% Agree 65% Disagree Ownership of British Companies I do not care if British companies are bought by foreign firms 35% Agree Disagree Don't Know Foreign ownership of British companies limits the potential for British companies to develop 62 Agree Disagree Don't Keew It is important that British companies retain British ownership SI% 35% Agree Disagree De K British ownership would help to preserve jobs for UK nationals 33% 54% 10% Agree Dagree Don't Keew Having a market open to foreign takeovers is ben- eficial to the British economy 20% 19% Agree Disagree Don't Know What proportion of your business's staff are non-British nationals? All our staff are British nationals 32% say that between 1-10% are non-British nationals 21% say that between 11-25% are non-British nationals 23% 17% say that more than a quarter of their business's staff are non-British nationals Why you have employed non-British nationals? 33% I couldn't find a British candidate with the skill set I required 24% Non-British Nationals have a better work ethic 23% Non-British Nationals know more foreign languages 17% Non-British Nationals are more productive 14% They have better skills or experience than British nationals Non-British Nationals are cheaper to employ Non-British Nationals have lower expectations and are generally 6% easier to keep happy Business with China China offers more business opportunities than economies uch as the UK, the USA er Germany 44% 28% 26% Agree Disagree Don't Know My business is doing or would ha te da, busines in China becasse of the strength of its econsm 42% 37% 19% Agree Disagree Den' Know 30% 32% There are more eppertunities for businesses in China than there are InLondan 38% Agree Disagree Dont Know My business is put ff from doing business in China becase China does nut have the high leval legal or contractual secritien that London has 31% 27% Agree Disagree Den't Know Lower levels of regulation in China makeitamere ppealing place te do buniness than Lendon 28% 24% Agree Disagree Den' Know 19% 71% Iwould consider noving to China for a new job opportunity Agree Disagree Dont Know LONDON/ovesBUSINESS.com Thie rvey wcarled ost by Conles that iterviewed 20 Londen sines lades in Apr 2012. Feleehisery at wlndenlevestinesmren Teiter at endenieveie