Bank Bonuses Debate

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Department: HM Treasury

Bank Bonuses

Lord Mann 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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Of course I shall be happy to look at my hon. Friend’s constituency case. He highlights the central issue that the previous Government completely failed to address: how to increase lending to the small and medium-sized business sector. That is one of our central economic objectives; that is why we are in discussions with the banks. The previous Government achieved nothing in that regard; we hope to achieve something, and we will come to the House and report on our progress.

Lord Mann Portrait John Mann (Bassetlaw) (Lab)
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In the Chancellor’s judgment, what is the maximum bonus that Barclays should offer its chief executive Bob Diamond for 2010?

George Osborne Portrait Mr Osborne
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Less than he was paid in 2009.