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What on earth can they do with all that money? It is an understandable response to the salary and bonus windfalls for top earners in industry-and especially the City. Nor is the question merely of prurient interest. As one commentator, William Wallace, wrote in the Financial Times: “If a medium sized merchant bank [Barings] pays an annual bonus of ?100m, we can assume that the sums received by senior City employees as a whole are now a significant factor in the economy of the south east-if not of the UK as a whole. Is there any evidence available as to…

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