City Bonuses Shrink – But Basic Salary Rises More Than Make Up For ItTHE GUARDIAN: Bonus payouts shrank by 8% over last 12 months at the same time as permanent 7% rise in basic salaries in Square MileWorkers in the City of London who have seen contentious bonus payouts shrink by 8% over the last 12 months have more than made up for their loss through a permanent 7% rise in basic salaries,