Oral question asked in the House of Commons, by Ronnie Campbell (Labour). It was answered on Tuesday, 8 February 2011 on behalf of the Treasury.
Bankers' Bonuses
- Question
- The Chancellor must think he is good when he has put hundreds of thousands of public servants on the dole, cut pensions, especially those of the police and armed forces, and cut local government finance. It has been reported in the newspapers that a banker is to receive a £9 million bonus. Why does not the Chancellor get off his backside, get into the banks, and get it sorted?
- Answer
-
I will take no lessons from the Labour party on bank bonuses. The shadow Chancellor presided at the Treasury when big bonuses were being paid out in cash, with no clawback and no lock-up. He backed that light-touch regime in government. We have taken the tough decisions on tackling bonuses. The Opposition should be apologising, not criticising.
Secondary information
- Type
- Oral question
- Reference
- 523 c141
- Session
- 2010-12
- Oral question type
- 1st Supplementary
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Pay
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 20:20:01 +0100
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