Monday, Sep 28, 2009

Alistair Darling to detail curbs on MP's Expenses!

Daily Telegraph: Alistair Darling to detail curbs on bank pay

Alistair Darling, the Chancellor, will give details of new rules to curb bankers' bonuses (and MP's expenses) at the Labour Party conference to end what he calls "greed and recklessness" in the financial system (and Westminster). "Let me assure the country and warn the banks (and MP's) that there will be no return to the business as usual," he will say in his speech. Any bonuses (and expenses) will be deferred over time so they can be clawed back if they are warranted by long term performance. Ok only my wishfull thinking! AD has no intention on clamping down on expenses he just wants to draw attention away from the issue.

Posted by who stole my pension? @ 12:27 PM (593 views)
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1. Eternal Sceptic said...

Heigh ho! more smokescreens and nothing of substance. All bankers bonuses should be assessed over a 7 year term, based on real profit, not recycling dodgy bits of paper.
Similarly all MP's expenses should be vetted by the Inland Revenue and assessed in exactly the same way as a self employed individual. Furthermore all MP's expenses should automatically be in the public domain, both what is claimed, and what is subsequently allowed.
Let us have a return to morality and the introduction of complete transparency then perhaps trust could also be introduced. An alien concept that vanished off down the Swanee decades ago.

Monday, September 28, 2009 01:40PM Report Comment
 

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