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Bank cannot hold taxpayer to ransom
December 2, 2009 7:37 PM
Originally published by Vince Cable - Lib Dem MP for Twickenham
Originally published by Vince Cable - Lib Dem MP for Twickenham
Commenting on reports that RBS Directors may resign if the Chancellor of the Exchequer were to block £1.5bn in banker's bonuses, Liberal Democrats Shadow Chancellor, Vince Cable said:
"I would welcome their resignations, as the bank cannot hold the taxpayer to ransom.
"As a state run bank, the Government must finally take control and ensure that both its pay and lending practices are in the public interest."
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