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Sunday, January 29, 2012

Labour to force Commons vote on stripping Hester bonus

BBC News, 29 January 2012

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Mr Hester was appointed after
RBS was bailed out by the taxpayer
Labour says it will force a Commons vote calling for RBS chief executive Stephen Hester to be stripped of his near-£1m bonus.

It will hold an Opposition Day debate early next month to pressure the government over the £963,000 payment.

Although not binding, the vote could put the coalition under further pressure to intervene.

It has faced widespread criticism for its decision not to block the bonus at the part-government owned bank.

A Labour source told BBC political correspondent Vicky Young that David Cameron and the government had failed to act and it was right for Parliament to voice its opinion.

He said this was "one of those moments" when the public was so outraged that Parliament had to assert itself.

Labour can hold a debate on an issue of its choice on one of its allocated "Opposition Days." The next one is scheduled for the week after next.

The coalition is free to ignore the result but it could be uncomfortable for some Lib Dem and Conservative MPs, our correspondent says.


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