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Banks, bailouts and bonuses

A personal account of working in Halifax Bank of Scotland during the financial crisis

Bibliographic Data

ID2373446
AuthorsVaughan Ellis (0000-0003-1696-5328, Edinburgh Napier University), Margaret Taylor (0000-0002-9084-1844, Bank Worker - Lloyds Banking Group)
Year2010
Volume24
Issue4
Pages803-812
Publication date2010-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueWork Employment and Society (JOURNAL)
Journal identifiersISSN: 0950-0170 • E-ISSN: 1469-8722
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0950017010380649
OpenAlexW2138803131
LanguageEN
Citations received7
References cited3

This article presents a first hand account of the financial crisis by 'Margaret Taylor', a union activist within HBOS. Overviewing more than twenty years' experience in the sector, Margaret highlights three types of change under way since the 1990s that she sees as antecedents of the present crisis: the shift from traditional pay structures to individualised, performance based pay; the entry of retail giants geared to aggressive marketing and maximising market share; and technological innovation which facilitated workforce deskilling. The testimony deepens our understanding of a significant, contemporary event and consistent with the aims of oral history, which influenced the interviewer's approach, provides a glimpse into the lives of those who generally do not, or cannot record their stories

Brexit · Business · Deskilling · Economic growth · Economic policy · Economics · European union · Financial crisis · Interview · Political science · Work (physics · Workforce · Engineering · Law · Political and Economic history of UK and US

  • Losing Unequally

    Open Access•Giorgos Gouzoulis, Iris Nikolopoulou•Industrial Relations Journal•2026

  • Dirtying bank work

    Luca Carollo, Silvia Gilardi•Culture and Organization•2022

  • Analizando el impacto del cliente en las entidades financieras

    Open Access•Juan Yrazusta Arango•Cuadernos de Relaciones Laborales•2025

  • Ethics of care and co‐worker relationships in UK banks

    Open Access•Knut Laaser, Sharon C Bolton et al.•New Technology Work and Employment•2017

  • Working with standards—post‐crisis positioning of bank advisors

    Open Access•Sidsel Lond Grosen•New Technology Work and Employment•2014

  • If you are having a go at me, I am going to have a go at you

    Open Access•Knut Laaser•Work Employment and Society•2016

  • Writing articles for Work, Employment and Society

    Open Access•Irena Grugulis, Mark Stuart et al.•Work Employment and Society•2012

  • Envelopes of Sound

    Carl Ryant•The Oral History Review•1986

  • Labour unionism in the financial services sector

    Andrew J Seltzer, Andrew Seltzer•Business History•2009

  • The Voice Of The Past

    Paul Β Thompson, Paul Thompson et al.•The voice of the past•2000

Unique citing works7
Citations per year0,5
Citation span2012 - 2026 (15)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 7

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