Showing posts with label £1 million. Show all posts
Showing posts with label £1 million. Show all posts

Sunday, 29 January 2012

Labour 'to force vote on RBS bonus'


Labour will force a Commons vote calling for Royal Bank of Scotland chief executive Stephen Hester to be stripped of his bonus, a party source has said.
Pressure is mounting on RBS chief
executive Stephen Hester to waive his bonus
It will hold an Opposition Day debate the week after next to heap pressure on the Government as the row continues to grow over the payment, which is worth almost £1 million.
Although the vote will not be binding it could prove deeply embarrassing for the coalition, which has faced widespread criticism for its decision not to block the bonus at the taxpayer-funded bank.
A Labour source said: "David Cameron's failure of leadership cannot be allowed to stand. We will force a Commons vote to let MPs show the public's disapproval of Mr Hester's bonus."

© Press Association 2012