Bank Bonuses Debate

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Department: HM Treasury

Bank Bonuses

Hazel Blears Excerpts
Tuesday 11th January 2011

(13 years, 10 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. There is, understandably, enormous interest in this subject, but I remind the House that what is being discussed is an urgent question rather than a full-length statement. If I am to accommodate a reasonable number of Members, brevity from Back Benches and Front Benches alike is vital.

Hazel Blears Portrait Hazel Blears (Salford and Eccles) (Lab)
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Voluntary organisations and community groups face cuts of at least £3 billion this year. If we are really all in this together, would it not be better for the banks to use their profits to support those community groups, rather than paying themselves up to £7 billion in massive personal bonuses?