Oral Answers to Questions
Debate between Eric Joyce and Michael Moore
Wednesday 26th January 2011
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(13 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Eric Joyce (Falkirk) (Lab)
12. What discussions he has had with ministerial colleagues on the level of employee bonuses to be paid by banks based in Scotland.
The Secretary of State for Scotland (Michael Moore)
With permission, Mr Speaker, I will answer Questions 8 and 12 together. I have regular discussions with ministerial colleagues on a range of issues. As the predominant shareholder in RBS, the Government expect the bank to be a back-marker and not a market leader on bonuses. People across the country are having to make adjustments as we come out of recession and repair our public finances. Everyone expects bankers to be part of this process.