Executive Pay Debate

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Executive Pay

Angela Smith Excerpts
Monday 23rd January 2012

(12 years, 3 months ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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I was not aware of the shadow Chancellor’s wisdom on that particular subject, but his party leader has spoken constructively and I hope that that will lead to agreement between our parties on how we can proceed.

Angela Smith Portrait Angela Smith (Penistone and Stocksbridge) (Lab)
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Does the Secretary of State still believe that all bankers paid more than the Prime Minister should publish details of their remuneration, as he believed when he was in opposition?

Vince Cable Portrait Vince Cable
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I am surprised that Labour Members keep reminding us about bankers’ pay. Bankers’ bonuses in 2008-09, when the Labour party was still in government, were something of the order of £13 billion. They have now come down to about a quarter of that.