Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Monday, 9 March 2009. It occurred during Ministerial statement on Banking (Asset Protection Scheme).
Banking (Asset Protection Scheme)
My hon. Friend is, of course, absolutely right that there are plenty of staff in Lloyds on £17,000 salaries or less. I understand that the average bonus of which we are speaking amounts to less than £1,000. I think it is absolutely right that much more senior staff forgo their bonuses—and they have done—but when it comes to the sort of staff my hon. Friend speaks about, I completely agree with him.
Secondary information
- Type
- Proceeding contribution
- Reference
- 489 c40
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Assets Business Banks Finance Insurance Government assistance Government shareholding Protection Pay Mortgages Loans Asset protection scheme Lloyds Banking Group
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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