August 15, 2009


The Tories, not content with championing the NHS are turning on the fatcats.

Large City bonuses should be outlawed in banks that have received any sort of government guarantee, according to the shadow chancellor, George Osborne.

In an interview with the Guardian, Osborne delivers the strongest attack yet on the bonus culture, suggesting that a future Conservative government would act to curb pay excesses across the financial services industry.

"It is totally unacceptable for bank bonuses to be paid on the back of taxpayer guarantees," he said. "It must stop."

I am sure this is exactly what would happen were the Tories to take control of the country.


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