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Proceeding contribution from George Mudie (Labour) in the House of Commons on Monday, 23 January 2012. It occurred during Opposition day on Youth Unemployment and Bank Bonuses.


Youth Unemployment and Bank Bonuses

No, because I am short of time. The people who caused the difficulty earn huge salaries because of gambling in the investment market, which has brought country after country and bank after bank to their knees, and which is now imperilling people's standard of living—their homes, jobs and future. I find that unacceptable. The shadow Minister has called for leadership, but real leadership would not involve avoiding questions about whether there is going to be a limit of £2,000 on bank bonuses. The senior director of RBS will be disappointed if he is not allowed to take his £4 million and the chief executive is expecting £2.5 million, but this is in a bank that the Government own. If we want leadership, it should come from the Chancellor and the Government, who should take the steps that are needed.


Secondary information

Type
Proceeding contribution
Reference
539 c104-5 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Directors Banks Incentives Financial services Pay Managers Young people Taxation Unemployment
Link
View this Proceeding contribution on www.publications.parliament.uk