Diana Johnson
Main Page: Diana Johnson (Labour - Kingston upon Hull North and Cottingham)(12 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
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Vince Cable
I do not accept that there is a dichotomy between diversity and performance. All the evidence suggests that particularly the drive to get more women on boards has nothing to do with political correctness and everything to do with improving performance.
Diana Johnson (Kingston upon Hull North) (Lab)
A few months ago the Secretary of State said that the Government could intervene to stop bankers’ bonuses if they so wished. Does he stand by that? If he does, why is he not dealing with the RBS situation?
Vince Cable
I remind Opposition Members that the semi-publicly owned banks, including RBS, are managed on an arm’s length basis under an arrangement devised by the previous Labour Government. This Government have made it clear that we expect restraint in bonuses in the banking system and in RBS in particular, and we will see what happens.