Ed: Cameron’s failure to block RBS bonus is “disgraceful”
The Prime Minister has allowed a £1m reward at our bailed-out bank.
Labour Party leader Ed Miliband MP has criticised the ”disgraceful failure of leadership” shown by David Cameron in signing off a million pound bonus for Stephen Hester, Chief Executive of 4/5 state-owned Royal Bank of Scotland.
“He’s spent weeks saying that shareholders should play a more active role in reining in excess where they see it, but at the first chance to act for a bank the public own the Prime Minister has just nodded it through.
He owns, through the British Government, 83 per cent of the Royal Bank of Scotland. The bonus should have been blocked.
People will be appalled that nothing has been done about this.”
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