Sunday, February 15, 2009

Vince Cable right on not paying bank bonuses

Vince Cable got it completely correct (as always) - on the BBC Andrew Marr Show earlier today he said of all bank bonuses :

“They should not be paid, we should be very clear about that.

“As a general policy position, no bonuses should be paid to banks that have failed and that are dependent on the taxpayer.”

Absolutely correct.