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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"I beg to move,

That this House has considered the Government policy on bankers’ bonuses.

It is a pleasure to serve under your chairpersonship, Mrs Cummins. It is good to hear somebody from the old West Riding, as we would call it, in charge of the sitting this afternoon. I …..."

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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"I am grateful to my hon. Friend for that intervention. I agree with every point she made and I will develop some of those arguments as I speak.

First, I will address the question of where we are now with remuneration in the banking sector. We know quite a lot …..."

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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"The hon. Lady makes a number of important points, and I agree with most of them.

I was asking whether the Government are ideologically committed to this policy, since no banker is prepared to admit that they had lobbied for it. If that is the case, and it looks like …..."

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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"My hon. Friend has caught my next point. In the interest of social justice, the country feels that a 2% cap on the salaries of public sector employees and the lifting of the cap on already over-remunerated bankers is the wrong way for the Government to go. I agree with …..."
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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"Will the Minister give way?..."
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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"Does the Minister accept that I am not speaking on behalf of my Front-Bench colleagues? I am speaking about the views of my constituents and others across the country, and in the interests of what I believe the country should be doing. The Government are clearly wrong, whatever those on …..."
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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"The Minister will have heard me talking about a person in the City being remunerated £68 million in a single year. Of that, £200,000 was the basic pay, and the rest was bonus. I think the Minister is resting his case on the expansion of basic salaries, but that is …..."
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Speech in Westminster Hall - Tue 08 Nov 2022
Bankers’ Bonuses

"Billion—let me help the Minister...."
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Speech in Commons Chamber - Fri 23 Sep 2022
The Growth Plan

"Is it not clear that the Chancellor’s growth plan only grows one part of the economy: the bankers’ bonuses and the incomes of the richest in our society? If he really wants to cut through the cycle of low pay, poor productivity and low economic growth, should he not be …..."
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Speech in Westminster Hall - Tue 14 Jun 2022
New Wealth Taxes

"It is a pleasure to serve under your chairmanship, Sir Edward. I congratulate my hon. Friend the Member for Leeds East (Richard Burgon) on securing this important debate.

I will not reproduce figures already mentioned, but there has been an explosion of wealth, certainly since the banking crash, and before …..."

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