Downing Street Says » Bankers’ Bonuses

» Tuesday, January 11, 2011

Bankers’ Bonuses

Put that it was clear from comments made by the Chancellor that the Government had been able to negotiate a cap on the RBS bonus pot, the PMS said that the Chancellor was setting out the position to the House of Commons. The PMS added that talks between RBS and the UKFI were ongoing.

Asked if the Prime Minister agreed with Bob Diamond who had said that the time for bankers’ remorse was over, the PMS said that the Prime Minister had set out his position on Sunday.

Asked what he thought about the comment made by Bob Diamond suggesting that the Prime Minister and the Chancellor had not urged him to show restraint over bonuses, the PMS replied that there was a discussion ongoing between the Treasury and the banks and he advised people to speak to the Treasury for any more detail.

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