SALARIES AND BONUSES IN THE BANKING SECTOR

Motion Text

That this House notes with concern the desire of state-supported banks to pay large bonuses to senior executives at a time when taxpayers have provided a subsidy to those banks in excess of £37 billion; further notes the regular reports of job losses around the country in sectors less generously supported by taxpayers; and calls on the Government to consider measures to limit banking salaries and bonuses until the British economy reaches stability.