Bank Bonuses Debate

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Department: HM Treasury

Bank Bonuses

Jim Sheridan Excerpts
Tuesday 11th January 2011

(13 years, 4 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The former Chancellor has clearly made his views known, and I would suggest that he has more credibility on the subject than the shadow Chancellor.

Jim Sheridan Portrait Jim Sheridan (Paisley and Renfrewshire North) (Lab)
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While the Chancellor acquiesces to the bankers’ demands, his Government propose to cut the sick pay of workers who are genuinely off sick. May I therefore ask the Chancellor: where is the fairness in that?

George Osborne Portrait Mr Osborne
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Where is the fairness in a record budget deficit? That is what we have to address. We are taking difficult measures; I know that every single one is opposed by the Opposition, who created that deficit, but that says more about them than it does about our plan.