Bank Bonuses Debate

Full Debate: Read Full Debate
Department: HM Treasury

Bank Bonuses

Jim Sheridan Excerpts
Tuesday 11th January 2011

(13 years, 11 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts

Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

Each Urgent Question requires a Government Minister to give a response on the debate topic.

This information is provided by Parallel Parliament and does not comprise part of the offical record

George Osborne Portrait Mr Osborne
- Hansard - - - Excerpts

The former Chancellor has clearly made his views known, and I would suggest that he has more credibility on the subject than the shadow Chancellor.

Jim Sheridan Portrait Jim Sheridan (Paisley and Renfrewshire North) (Lab)
- Hansard - -

While the Chancellor acquiesces to the bankers’ demands, his Government propose to cut the sick pay of workers who are genuinely off sick. May I therefore ask the Chancellor: where is the fairness in that?

George Osborne Portrait Mr Osborne
- Hansard - - - Excerpts

Where is the fairness in a record budget deficit? That is what we have to address. We are taking difficult measures; I know that every single one is opposed by the Opposition, who created that deficit, but that says more about them than it does about our plan.