Stride slams Halfon over bankers bonus

Politics / Mon 20th Jan 2014 at 02:11pm

stridehalf3THIS week in parliament, Labour held a debate calling on the government to use its power as majority shareholder in RBS to prevent bonuses of up to 200%. Robert Halfon MP voted against the proposal.

Labour’s motion also called on the government to reform the banking sector and increase competition on the High Street.

Suzy Stride, Labour’s general election candidate for Harlow, said:

“Robert Halfon has voted with David Cameron and refused to rule out approving bonuses of up to 200 per cent at RBS. It looks like the Tories and their Lib Dem friends would approve such a request at a time when ordinary families face a cost-of-living crisis and bank lending to businesses is falling. A cap on total remuneration is a complete red herring because RBS is cutting another 2,000 jobs in its investment bank and many executives were paid bonuses worth more than 100 per cent of their salary last year.

“Mr Halfon must make clear whether he supports Labour’s plan for reform of our banks or the business as usual approach of the Tories.”

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1 Comment for Stride slams Halfon over bankers bonus:

2014-01-21 16:20:00

Silent Suzy and Labour really beggar belief! They created the banking crisis, did nothing in Government about this, and now they are claiming the high ground. The people of Great Britain don't forget the actions of Brown, Miliband and Balls in Government this quickly Miss Stride.

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