Monday, October 26, 2009
One small step on the road to recovery.
George Osborne faced howls of anguish from the City today after calling for a clampdown on big bonuses. The shadow chancellor wants the regulators to take action now to ban high street banks from giving big cash payments as rewards. Mr Osborne said he was talking about "emergency measures this Christmas", adding: "Let's end the big cash bonuses. If there's spare cash at the bank it should be lent out to small businesses, medium businesses, to help people keep their jobs.