Proceeding contribution from Diane Abbott (Labour) in the House of Commons on Wednesday, 26 November 2008. It occurred during Debate on bill on Banking Bill.
Banking Bill
Even if hon. Members do not agree that bonuses are wrong in principle, they must surely agree that they are wrong in practice, because those bonuses were tied to the sale of products that we now find are worthless. Does my hon. Friend agree that unless something is done about the bonus regime in the City, people will continue to follow risky, short-term strategies to secure high bonuses at the expense of the long-term health of companies and the economy?
Secondary information
- Type
- Proceeding contribution
- Reference
- 483 c824
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Compensation Codes of practice Consumers Directors Assets Debts Bank services Banks Credit unions Building societies Capital Deposits Finance Liability Financial services Financial institutions Exemptions Insolvency Government assistance Financial Services Authority Private sector Protection Pay Property transfer Public sector Publicity Mutual societies Nationalisation Shares Treasury Henry VIII clauses Financial Services Compensation Scheme
- Legislation
- Banking Bill 2007-08 to 2008-09
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 23:18:15 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_512516
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