Daily Mail
October 10, 2008

As British taxpayers faced up to a grim financial future, coupled with the fear of tax hikes following the government’s bailout £500billion bailout package, a group of fatcat bosses from Barclays Wealth flew out to the luxurious Villa Erba, beside Lake Como in Italy yesterday for the all-expenses paid jaunt.

  • A d v e r t i s e m e n t

Invites alone for the bash are believed to have cost up to £3,000.

Over 300 guests will be wined, dined and entertained with an evening of opera before spending the night in the luxury surroundings of the exclusive Villa D’Este hotel.

These client bashes are real luxury affairs – no expense is spared’, a source told the Sun newspaper.

‘Given the current climate it’s really got up everyone’s noses that this one is going ahead.

‘Hard-working Brits face losing their homes, but it seems these bankers don’t care as long as they can sip chianti in Italy.

‘The cost will be huge – talk about feasting while Rome burns.’

Despite staff admitting the annual conference “sent out the wrong message”, a spokeswoman for Barclays Wealth defended the expensive trip.

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